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Updated over 3 years ago on . Most recent reply

User Stats

27
Posts
17
Votes
Eduardo Reyes
17
Votes |
27
Posts

Most Popular Reply

User Stats

13
Posts
8
Votes
Steve Kuptz
  • Lender
  • Del Mar, CA
8
Votes |
13
Posts
Steve Kuptz
  • Lender
  • Del Mar, CA
Replied

@Eduardo Reyes

In addition to the other comments you need to know the lender’s loan to acquisition cost; loan to after repair value requirements for the product type you are considering acquiring. You also need to know if the lender requires appraisals or do they perform their own property assessments/valuations. Appraisals take time and can extend the time to close which could hurt you in a highly competitive market.

Good luck!!

  • Steve Kuptz

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