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I, recently applied for a 203k loan for a home I, was about to purchased. The home was owned by my mother and I, have court approval to purchased. However, I, have two mortgage company tell me since I, own property my loan application has been rejected. How can I, overcome this problem, when I, have informed the mortgage company that I, will occupied the property. This present a problem since I, cannot rent out my current home for failure to secure a mortgage to rehap my mother home.
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