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Updated over 6 years ago, 08/29/2018
Short Sale Lenders that will ride out a downturn
I am looking to establish a track record with a short sale lender, so if and when credit gets tight, I can have access to funding for short sales. Likely, will go with the lenders that already have a short sale or foreclosure lending product, for obvious reasons.
Bottom line, I am looking for a lender that has an iron stomach during a correction. Any suggested lenders?
- Real Estate Professional
- West Palm Beach, FL
- 13,507
- Votes |
- 23,418
- Posts
No such thing as a "short sale lender".....you're getting a regular traditional mtg based solely on your credit/income and the subject property appraisal.....doesn't matter if it is a regular, REO or short sale.
- Lender
- Lake Oswego OR Summerlin, NV
- 61,769
- Votes |
- 41,961
- Posts
ya never heard of this .. and lenders as U probably know have very weak stomachs.. now cash upped investors that's what you want during a rough ride..
- Jay Hinrichs
- Podcast Guest on Show #222
@Wayne Brooks @Jay Hinrichs Thanks. Cash upped investors it is.