Prequalification to purchase a REPO, what do they look at? – Piggington's Econo-Almanac

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June 25, 2007 at 1:32 PM #9383

donaldduckmoore
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I heard from a friend who wants to buy a REPO, but the lender requested him and I guess other buyers to obtain prequal from Wellsfargo. What do Wellsfargo really look for? Does this mean that the lending practice is getting tighter? Please advice.
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