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Updated about 4 years ago, 11/17/2020

User Stats

52
Posts
39
Votes
Chris Reyes
  • Investor
  • Colorado
39
Votes |
52
Posts

Colorado Lenders asking for COVID Letter from Employers

Chris Reyes
  • Investor
  • Colorado
Posted

My wholesale Mortgage Broker just informed me about more lenders are bringing back "Covid Letters" which pertain to having the employer essentially Gurantee that the Cornavirus will not have an affect on the persons employement. This has actually thrown a wrench in my plans to aquire a duplex in Denver, and has forced me to either ask for the owner to carry or another way to finance the property.

Have other states ran into this situation? How have you dealt with this additional hurdle for traditional financing?

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