Here’s a question from one of the subscribers that came in about a short sale situation… Hi Scott — I have a friend who’s house is in foreclosure (about $110k owed, house is worth $140k), and she and husband filed bankruptcy, and they’re now re-arranging to chapter 11(or 7?)… Just wondering if their bankruptcy would affect the investor buying [...]
Continue reading...29. June 2009
Here is a question I got recently: "We want to get a reference letter from someone who loaned us money that we can show to another potential lender. Would you give us some wording that we should have in a letter that would look good to other lenders?" Obviously, it’s critical to have many different sources of financing [...]
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30. June 2009
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