If I understand your statement, yes, that would be prohibited.

Often, they will want a certification statement from the roofer who did the last installation in order to underwrite, and they will want to know when it was last replaced.

Gather the following documents from the homeowner: Last two years tax returns, last two paystubs (or proof and loss statements if unemployed, last two months bank statements, income/expense report, and a handwritten hardship letter. 3.

A bit of a reach I know, but my point is the statement is designed to be amibiguous for effect.

And I must tell you that the statistics generally tend to support this statement.

One of the purposes of doing seller financing is not having to have to pay buyers agents or sellers agents so I do not understand this part of your statement The closing agent will require you to sign the note and deed of trust and the seller will execute a general warranty deed, the closer will explain the deeds and related documents at settlement.

Even a recent bank statement doesn't prove your lender hasn't promised the money out to others as well as to you, or won't back out at the end for a seemingly trivial B.S. reason.

The pertinent information should be right on the HUD-1 form (the "settlement statement" that's provided to you at the closing table) and on the tax documents the lender sends to you each year...For the points paid, you'd want the HUD-1 from the purchase...For the interest paid, the lender should send you a 1098 at the end of each year which indicates the interest you paid in the previous year...

So let's look at Freddi's statement...1 - “A real estate agent in Pennsylvania recruited an associate to act as the buyer on the short sale of a property backed by a Freddie Mac-owned loan, for a price of $160,000.

Justin...Yes, if you knew the closing title company that supervised the payoff of the senior DT, the closing statement and cancelled check would be strong evidence for a release.