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Updated almost 3 years ago on . Most recent reply

User Stats

115
Posts
12
Votes
John Lee
  • Tampa, FL
12
Votes |
115
Posts

What are typical refinance documentation?

John Lee
  • Tampa, FL
Posted

I'm refinancing a short term rental I purchased in 2020. The hard money lender is asking for the appraisal back when i purchase the property and scope of work and receipt. I find that kind of strange since the work is a while ago and I though the lender only care about the current appraisal and borrower credit. Is scope work typical in refinance property that owned more than a year? this refinance is taking almost 2 months and I think the lender is dragging their feet 

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