a doctor may be able to ride the ARM reset by jumping from residency to his/her regular job. that is likely to have very little effect because there are no doctors buying, not for the last 2 years. The only medical professionals buying properties in the last 2 years are the medical assistants and the radiology techs. (ok, slight exaggeration, but you guys get my point)
x1y2z3, thank you for your informative posts, what an addition to this board! I have a question. my landlord was on the verge of getting his NOD, now he claims he’ll be able to refi out of his troubles. problem is he purchased 4 homes in the last year, all 4 are cash flow negative, 100% financed, and now all have negative equality. I know you said anybody that can fog up a mirror can get a loan, but even a guy like my landlord can still get refi?