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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: new lender picky on how property was aquired Posted by SeanW on August 24, 2003 at 5:22 AM In Reply to: new lender picky on how property was aquired posted by J.S. on August 21, 2003 at 5:42 PM Real estate lending is a volume and routine business. It would not surprise me to have to "educate" every new lending officer I meet when there's something "unusual" to them about the deed. (I.e. an equity buyout under the sale of beneficial interest of a trust.) I've seen people on other boards explain that they develop a relationship with one lender, and offer to pay all the buyer's closing costs if they use THAT lender. The rationale is that it's worth the added cost to smooth the deal through, and not face any last minute nitpicking. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Real estate lending is a volume and routine business. It would not surprise me to have to "educate" every new lending officer I meet when there's something "unusual" to them about the deed. (I.e. an equity buyout under the sale of beneficial interest of a trust.) : I've seen people on other boards explain that they develop a relationship with one lender, and offer to pay all the buyer's closing costs if they use THAT lender. The rationale is that it's worth the added cost to smooth the deal through, and not face any last minute nitpicking. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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