For examples, see our Companies Directory or our BiggerPockets Profile.The new company profiles are far more robust than the previous ones, and have some great features to allow businesses to interact here on the site, including:- Companies no longer require admin approval from BiggerPockets.

Other cities do this already, though the program/requirements vary a little from city to city.

SHould I work to get pre-approved for a traditional mortgage?

A home being purchased through the HUD program must be used as a primary residence.

If this property is for investment purposes, you might be hard pressed to get approved.

It's been a long battle but low and behold she was finally approved for the new plan that Chase, BofA, Wells Fargo, etc. has going (Global Settlement Act *I believe).

If you are going to purchase the property on foreclosure than you will most likely have to pay the full purchase price within 24 hours.If you are not buying at an auction, you should still get a pre-approval letter from your lender.

However, if the executor has full powers, he or she can sign the contract without the attorney's approval.

It's usually a bank statement, a letter from your bank or a screenshot from your online banking page.What you are talking about is a pre-qualification or pre-approval letter from a lender (regardless of what they call it), and is used when making financed offers on property.If you try making a cash offer using this fake "POF," you'll find that most of the time, the seller will disregard your offer or make you change it to financed.Now, to answer your question, if you make a financed offer, it shouldn't matter whether you change the lender in the middle of the process, so long as the original lender (the one that provided the "POF") is a viable option should the new lender not be able to provide the funds.The key is, you need to be able to follow through on whatever you're telling the seller -- if you tell the seller it's a cash deal, you need to be able to follow-through with cash (and prove you have it); in this case, if you're telling the seller you are approved for financing, you need to be able to follow-through by getting financing, regardless of who the lender is.

I bet his Dad could qualify for a streamlined HARP program loan through his current lender with minimal documentation, no appraisal and minimal loan fees.