Worth Reading & Worth Knowing

Regarding Fannie/Freddie going back to 10 and requiring two years worth of returns on existing properties I’m told by a very, very reliable source that there is a work-around to this problem.  Apparently Fannie rules stipulate that if you haven’t owned two years you can show leases that have been in effect “more than a couple months.”

Any mortgage people want to dig further in to this?  Back it up?  Argue it’s wrong?

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On the flip side of going back to 10 it appears that there is still another hurdle for today’s real estate investor to hurdle.

Government Cuts Out Private Sector In Foreclosure Market

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Filed under Financing Options, Worth Reading

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