Grapevine: Loan for Borrower Making Short Payoff
A former loan originator who now works in loss mitigation is approaching the Mortgage Grapevine to help a client. The borrower is making a short payoff. There was an investor who was extending a loan at a 65% loan-to-value ratio, but this post said the investor turned out to be “shady.”
To learn more about this scenario, go to http://bit.ly/1bhrKHA.