I am really more concerned with nutso sellers claiming they were "duped" and hiring an attorney when their DTI takes a hit via a misinformed broker or a conservative lender.

John did you also see that they revoked on Broker and fined and suspended 4 more for propery management.

Its hard for me to have sympathy, just because your poor doesn't mean you can trash the place especially when we were working with them.....big mistake.Our broker wasn't too sure about disclosure to future renters.

Since Condo-Hotels (whole ownership and fractional) are considered second homes they tend to be viewed as a riskier investment from a mortgage broker's point of view.

Got it . . . we upgraded our ad server and it has been very glitchy.

You need to check around or work with a well established mortgage broker.Avoid the newer loan officers as they are learning their trade and your needs as an investor will exceed what most most mortgage brokers can deal with.

They call a recording, go see the house, and then call me for the name of my mortgage broker.

My broker is a long time friend and worked his tail off to find me a lender that would still loan the money for a double close and it still almost fell apart near the end.

Anyone who got an ARM (adjustable rate mortgage) , got one because they couldn’t get a better type of loan (or the broker did a “whammy” on them).

We are both R.E brokers in the southern oregon area( no sales pitch intended)and are currently transfering to commercial property investing for ourselfs and our clients.