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Updated over 2 years ago on . Most recent reply

Dee L.'s profile image
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Dee L.
  • Member since Sep 30, 2022
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Dee L.
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Mortgage Brokers & Lenders

Letter of Explanation for Foreclosure on Rental Property

Dee L.
Posted

Hi. My HELOC is currently in underwriting and the Underwriter is asking for a letter of explanation for an investment property that was foreclosed 7 years ago. How should I explain it?

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Mason Hickman
  • Real Estate Agent
  • from Sandwich, MA
  • Member since Aug 19, 2014
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Mason Hickman
  • Real Estate Agent
  • from Sandwich, MA
  • Member since Aug 19, 2014
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Mason Hickman
  • Real Estate Agent
  • Sandwich, MA
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Mason Hickman
  • Real Estate Agent
  • Sandwich, MA
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@Dee L.

The truth

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