believe09
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- Sep 26, 2007
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OK an arms length agreement was signed, but is that just between the seller and the other people in the contract?You're giving me the creeps, now that I can see where you are heading with this.
What I can't figure out is how he talked a bank or whatever into giving him the mortgage in the first place, balloon or otherwise. I had the impression that the days of no documentation needed loans was over.
Hypothetically-what if Andrew was bff's with the person who gave him the loan at Caliber? They have offices in Orange County.
How many other ways can you creatively finance a property without putting essentially any money down on it...in the current market that is?
Pledged assets, balloon mortgage (and I still cant find down payment requirements for it)...what else?
Sheesh, I am going to go buy a house in Orange County. They didnt get the memo from corporations like CountryWide.