[Gustan Cho]

Here is another blog about how to buy a foreclosed home by Paulyn

https://gustancho.com/buying-a-foreclosed-home/

gustancho.com

Buying a Foreclosed Home as First-Time Homebuyers

Buying a foreclosed home is not always a deal. Many home buyers think foreclosed homes are discounted, but that is not always the case.

[Gustan Cho]

ADU is added living unit like an illegal in-law Suite or basement or attic space converted to a living unit. In Chicago there are a lot of illegal basement apartments that has been converted without permits

[Gustan Cho]

Buying a foreclosed home on a non-owner occupied home home is very easy with hard money loans. Quick commitment, same day closing, and limited paper work. No income docs 70% loan to value

[Gustan Cho]

More and more homeowners with acres are having a difficult time financing home purchase loans. Homebuyers who are horse lovers need homes that sit on acreage due to having horses. Here’s pictures of Yvone Schinzel’ horses in her horse property in Tennessee.

[Gustan Cho]

What is the max CLTV MAX CAP CAMERON?

[Gustan Cho]

I was wondering the same thing. What is ADU? There are so many acronyms these days that you cannot assume everyone knows what they are all are. Many people do to not know what LTV, DTI, CLTV, HELOC, HECM, DU, LP, AUS, and other acronyms are or what they stand for.

[Gustan Cho]

Cameron, did Angie email you the Connecticut file with a 120 late with a good letter of explanation. I need to close this asap. Call me if you are available so we can go over this.

[Gustan Cho]

Yes, from my understanding any equipment financing over $150,000 requires light doc such as bank statements or income tax returns. The higher the loan amount the more the paperwork required which is understandable.

[Gustan Cho]

Cameron, need non-qm Lender with the following: LATE PAYMENTS PAST 12 MONTHS, MANUAL UNDERWRITING, NON-QM LOANS ONE DAY AFTER BANKRUPTCY, NO- doc loans, non-qm Jumbos, 90% LTV NON-QM Jumbo, ITIN, 1099s, nonwarrantable condos, New construction, 203k loans Manuel, W2 income only mortgages, fix and foux, bridge loans