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Lessons Learned About Selling Investment Properties On Mortgages
(presented by www.refinance-refinance.net - mortgage lenders)



By

Copyright 2006 National Real Estate Network LLC

Over the years I have learned that almost all investors want mortgages that will give them loans that include dollars for rehabilitation and renovation of investment properties.

There are many investor programs offered by thousands of mortgage companies. Some Mortgage Companies have programs that will loan funds as part of the loan package money for rehab and renovation. Some have programs where they set up escrows for rehabilitation and renovations and have inspections on the work in process in order to get the next draw.

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HOME LOANS ADVERTISEMENT

Due to the vast number of rules and with lenders all having different policies we are now adding disclosures in all of our real estate purchase agreements and related forms to assure buyers are using lenders that have programs that work for borrower (buyer), seller, realtor, wholesaler and lender.

We now use the following disclosure language in our purchase agreements, addendums, assignments, and buyer broker agreements:

Lender and Title Company Restrictions. The buyer (s) and seller (s) agree that buyer (s) will disclose to buyer

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This entry was posted on Thursday, June 29th, 2006 at 2:44 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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