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Updated over 5 years ago,

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2
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0
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Steven Kelly
  • Lender
  • Irvine, CA
0
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2
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Investment property Texas cash out seasoning

Steven Kelly
  • Lender
  • Irvine, CA
Posted

Today I was at the closing table for my sisters cash out investment property texas loan. And the title company pulled out because of a homestead exemption and they stated because she did a loan and December 2018 cash out on the investment property she would have to wait 12 months to do it again on the investment property even though she signed a non-homestead Avadavat on the December 2018 loan.  They told her they have to underwrite this as an A6 Even though it’s an investment property cash out. Not sure understand why I am the loan officer on her deal. Anyone understand?

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