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Updated almost 3 years ago on . Most recent reply

Jay Mersfelder's profile image
Jay Mersfelder's profile image
Jay Mersfelder
  • Flipper/Rehabber
  • from Covington, KY
  • Member since Nov 17, 2020
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Jay Mersfelder's profile image
Jay Mersfelder's profile image
Jay Mersfelder
  • Flipper/Rehabber
  • from Covington, KY
  • Member since Nov 17, 2020
Connect
Jay Mersfelder
  • Flipper/Rehabber
  • Covington, KY
16
Votes |
81
Posts
Private Lending & Conventional Mortgage Advice

Refinance out loans on rental property

Jay Mersfelder
  • Flipper/Rehabber
  • Covington, KY
Posted

In middle of refinancing out on my rental property and lender is questioning a deposit of 3,000 from old work truck that I sold for cash. I've sent bill of sale and insurance being cancelled on the truck and even Screenshoted the market place add with the texted from person that bought the truck.. My lender keeps mentioning some Patriot act 2001. Just wondering if anyone else has had this problem before.

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Matthew Crivelli's profile image
Matthew Crivelli's profile image
Matthew Crivelli
  • Lender
  • from Massachusetts
  • Member since Mar 1, 2021
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Matthew Crivelli's profile image
Matthew Crivelli's profile image
Matthew Crivelli
  • Lender
  • from Massachusetts
  • Member since Mar 1, 2021
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Matthew Crivelli
  • Lender
  • Massachusetts
927
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1,476
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied

The joys of working with banks lol. Private money is so much easier to deal with. How long has the process been so far? @Jay Mersfelder

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