Periodically, the California Association of Realtors sends out emails on different topics. This month’s One Cool Thing caught my eye for it points out how it is effecting everyone who has tried to get a home mortgage since the 2008 financial crisis and the subsequent enacting of the Frank, Dodd bill.
Hopefully anyone who has gone through this process was successful. I personally draw the line when they want to know the color of the underwear you are wearing especially for those that have to answer, natural. I hear it’s getting a bit better and have even heard of a few no doc loans out there. Till there is balance, continue to expect the worst and the 3 inches of paperwork you will need to submit.
Poor trees, cheers cvc