[gn]

Usually, the lender sends out a NOD 3 months after the owner missed a payment. And 3 months after that, the NOT (notice of trustee sale) is filed, and then the court house auction is scheduled about a month later.

So, you are looking at 4/1009 for the house to be foreclosed. Now aday with lenders inundated with foreclosures, they may take longer to foreclose.

[gn]

Usually, the lender sends out a NOD 3 months after the owner missed a payment. And 3 months after that, the NOT (notice of trustee sale) is filed, and then the court house auction is scheduled about a month later.

So, you are looking at 4/1009 for the house to be foreclosed. Now aday with lenders inundated with foreclosures, they may take longer to foreclose.

[gn]

Usually, the lender sends out a NOD 3 months after the owner missed a payment. And 3 months after that, the NOT (notice of trustee sale) is filed, and then the court house auction is scheduled about a month later.

So, you are looking at 4/1009 for the house to be foreclosed. Now aday with lenders inundated with foreclosures, they may take longer to foreclose.

[gn]

Usually, the lender sends out a NOD 3 months after the owner missed a payment. And 3 months after that, the NOT (notice of trustee sale) is filed, and then the court house auction is scheduled about a month later.

So, you are looking at 4/1009 for the house to be foreclosed. Now aday with lenders inundated with foreclosures, they may take longer to foreclose.

[gn]

Usually, the lender sends out a NOD 3 months after the owner missed a payment. And 3 months after that, the NOT (notice of trustee sale) is filed, and then the court house auction is scheduled about a month later.

So, you are looking at 4/1009 for the house to be foreclosed. Now aday with lenders inundated with foreclosures, they may take longer to foreclose.

[gn]

HLS,

Let’s suppose that this is true. Did you ask your friend/source on the rationale behind this change ?

It seems a bit draconian to totally disregard rental income. If this is true, it will hurt FNMA because it makes moving up very hard for buyers who have plenty of equity (more than 30%) to move up.

[gn]

HLS,

Let’s suppose that this is true. Did you ask your friend/source on the rationale behind this change ?

It seems a bit draconian to totally disregard rental income. If this is true, it will hurt FNMA because it makes moving up very hard for buyers who have plenty of equity (more than 30%) to move up.

[gn]

HLS,

Let’s suppose that this is true. Did you ask your friend/source on the rationale behind this change ?

It seems a bit draconian to totally disregard rental income. If this is true, it will hurt FNMA because it makes moving up very hard for buyers who have plenty of equity (more than 30%) to move up.

[gn]

HLS,

Let’s suppose that this is true. Did you ask your friend/source on the rationale behind this change ?

It seems a bit draconian to totally disregard rental income. If this is true, it will hurt FNMA because it makes moving up very hard for buyers who have plenty of equity (more than 30%) to move up.

[gn]

HLS,

Let’s suppose that this is true. Did you ask your friend/source on the rationale behind this change ?

It seems a bit draconian to totally disregard rental income. If this is true, it will hurt FNMA because it makes moving up very hard for buyers who have plenty of equity (more than 30%) to move up.

[gn]

…we haven’t even gotten that far in discussions with the banks. The problem is that 90% jumbo loans with PMI just don’t exist anymore, period. We haven’t even gotten far enough to disclose any of that information

So, even if you can find a lender that offer 90% jumbo loans with PMI, once that lender learn about your current mortgage, it’ll require that you qualify for 2 mortgages. I realize that currently you only care about the first issue (90% loan), eventually, you’ll have to deal with the second issue (2 mortgages).

[gn]

…we haven’t even gotten that far in discussions with the banks. The problem is that 90% jumbo loans with PMI just don’t exist anymore, period. We haven’t even gotten far enough to disclose any of that information

So, even if you can find a lender that offer 90% jumbo loans with PMI, once that lender learn about your current mortgage, it’ll require that you qualify for 2 mortgages. I realize that currently you only care about the first issue (90% loan), eventually, you’ll have to deal with the second issue (2 mortgages).

[gn]

…we haven’t even gotten that far in discussions with the banks. The problem is that 90% jumbo loans with PMI just don’t exist anymore, period. We haven’t even gotten far enough to disclose any of that information

So, even if you can find a lender that offer 90% jumbo loans with PMI, once that lender learn about your current mortgage, it’ll require that you qualify for 2 mortgages. I realize that currently you only care about the first issue (90% loan), eventually, you’ll have to deal with the second issue (2 mortgages).

[gn]

…we haven’t even gotten that far in discussions with the banks. The problem is that 90% jumbo loans with PMI just don’t exist anymore, period. We haven’t even gotten far enough to disclose any of that information

So, even if you can find a lender that offer 90% jumbo loans with PMI, once that lender learn about your current mortgage, it’ll require that you qualify for 2 mortgages. I realize that currently you only care about the first issue (90% loan), eventually, you’ll have to deal with the second issue (2 mortgages).

[gn]

…we haven’t even gotten that far in discussions with the banks. The problem is that 90% jumbo loans with PMI just don’t exist anymore, period. We haven’t even gotten far enough to disclose any of that information

So, even if you can find a lender that offer 90% jumbo loans with PMI, once that lender learn about your current mortgage, it’ll require that you qualify for 2 mortgages. I realize that currently you only care about the first issue (90% loan), eventually, you’ll have to deal with the second issue (2 mortgages).

[Author]

Posts