Posted by Bill Bronchick on June 11, 2009 at 13:38:03:
In Reply to: Re: The truth on House Bill 1787 posted by Dean on June 11, 2009 at 13:26:28:
Why wouldn't you comply with this? "Dear Mr. Borrower, you can get an institutional loan or you can do with my loan". The reason they are going with your owner financing is because they can't qualify for a FNMA loan.
In terms of looking out for the borrowers interest, make sure you prequalify them so that they have a reasonable chance of getting a loan before your balloon date.
- Re: The truth on House Bill 1787 Dean 15:21:37 06/11/09 (0)