Not exact matches
Private
lenders accept low scores because their main interest is in
real estate profits.
Traditional
lenders, like banks, typically look for secure assets like
real estate or equipment as collateral; although anything of value the
lender can sell to satisfy your debt should you default might be
accepted — depending on the
lender.
The only fundamental difference between a short sale and any other residential
real estate transaction is that your
lender has agreed to
accept a payoff which is less than what you owe them.
Funding Source: Some
lenders will not
accept money borrowed from a 401K to be used as a down payment on rental or other types of commercial
real estate properties.
«Few, if any
lenders are going to
accept this secondary lien position,»
real estate agent Then said, so the tax - lien associated with the HERO improvements will have to be paid off, in most cases, at the time a sale closes or the mortgage is refinanced.
A
real estate agent who specializes in short sales might be able to negotiate with your
lender to
accept less than your mortgage balance.
Some REALTOR ® associations have created consent forms that would be signed by the buyer and the seller to allow for the sharing of these disclosures, but not all
lenders are
accepting these consents and are still refusing to directly send the Closing Disclosure to the
real estate professional.