Home Forum Contact Create an Account Sign In Create a Trust

Loan modification for loan underlying NARS Trust?

Home Forums General EHTrust/EHT Topics and Creative Real Estate Financing Loan modification for loan underlying NARS Trust?

This topic contains 0 replies, has 0 voices, and was last updated by Avatar of cynthiaholiday cynthiaholiday 10 years, 5 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #5697

    My client was approached by her lender to modify her option arm into a fixed rate. She hass yet to send paperwork. The question I have is that her Triple net lease shows $4020.00 rent. Has anyone had a problem with the lender questioning a PITI payment in loan mod? Or turning down the mod because she is actually positive cash flow on this one property?

    #29600
    Avatar of bill_gatten
    bill_gatten
    Participant

    ‘Haven’t heard of it particularly, but if I was the under writer I’d probably turn down the request if I had the information. Although it would depend upon her other income and expenses, and if they fall within the approval parameters she should be OK.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

Posted in
Contact Form
Your Fullname:


Email Address:


Phone:


Best Time to Call:


Subject:


Your Message:


Security Code:

 

Can't read the above security code? Refresh