chiph:
1. Does the borrower have to substantiate their income and qualify for the loan or is it another giveaway program?
2. I know that you posted that the borrower can get a loan if they owe more than the home is worth. Are you talking about a circumstance where they re-fied the property and took cash or are you talking about a circumstance where the property is worth substantially less now because of depreciation in the marketplace? i.e………does the home have to fall under some guidelines where an appraisal is concerned?
I’m just trying to figure out if this is really going to help someone who is in true need or is this something that scam artists can have a field day with.
