I don't get it, either. Esp as I thought you needed a down payment unless you were VA or getting first time buyer perks, etc.
But what if you were turning homes into rentals, so the rental income would cover the mortgage? That'd be more like a business mortgage loan... Banks don't care if you have enough in rent payments to cover potential repairs... just that you have enough to pay the mortgage, insurance, taxes and PMI, I would think. But one would still think a bank would want you as landlord to have income in case the tenant defaults so you have income to cover the mortgage in the absence of a lease payment. Or maybe the don't care?
This is all definitely a mystery. And I'm thinking that perhaps she didn't list these as assets on that form because they're not able to be liquified immediately if she has tenants. You can't evict a tenant without ahttps://www.foxnews.com/us/texas-murder-suspect-kaitlin-armstrong-access-450g-practiced-shooting-with-sister-warrantsri lot of notice and maybe they have leases of a year or more. So aside from the fact that the housing values may have dropped, she doesn't have access to any equity for a long time to pay a lawyer, assuming there's any equity in any of them. Either way, I would still think they would have had to be listed on that form in some manner even if the value is now negative.