InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Stated Income - Needing to Short Sale Posted by CC in OC on April 22, 2009 at 7:40 PM In Reply to: Stated Income - Needing to Short Sale posted by Hank on April 22, 2009 at 1:02 PM I've never heard of a lender going after a borrower because the income he currently discloses reflects "hardship" as opposed to the income he claims he made when he applied for the loan. Lenders are simply too busy to go after someone who may have exaggerated on their initial loan application. I wouldn't worry about it if I was you. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I've never heard of a lender going after a borrower because the income he currently discloses reflects "hardship" as opposed to the income he claims he made when he applied for the loan. Lenders are simply too busy to go after someone who may have exaggerated on their initial loan application. I wouldn't worry about it if I was you. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455