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Updated over 11 years ago on . Most recent reply
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Undisclosed Debts
I am in the process of purchasing investment properties. The loan documents that I signed required that I sign an undisclosed debts document, providing that I agreed that I did not have any undisclosed debts and that I would not incur any additional debts prior to closing. However, I would like to make additional investments during this time period. In addition, I want to seek a line of credit from the bank, but I am concerned that it will cause an issue with the lender. How does everyone else get going with the purchases of several properties while working with conventional lenders?
Thanks in advance for the responses.