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RE Developer in CA goes bust. Acceptable extenuating circumstances?

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DallasLoanGuy
Super Contributor
‎08-14-2008 08:44 PM
‎08-14-2008 08:44 PM

Re: RE Developer in CA goes bust. Acceptable extenuating circumstances?


mickie08 wrote:
My guess is there will be little to no sympathy for investors who lost money due to the current crisis. 

my thoughts exactly.....
Retired Lender
Message 11 of 12
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ShanetheMortgageMan
Super Contributor
‎08-15-2008 02:45 PM
‎08-15-2008 02:45 PM

Re: RE Developer in CA goes bust. Acceptable extenuating circumstances?

If you were injured, ill, or got laid off in a market where massive layoffs occured... then that would be looked at as extenuating circumstances... however when a self-employed business fails that is not looked at as extenuating circumstances.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
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