Donnovan Stordahl's Discussions

Who is this Handout anyway?  And what is his/her qualifications to be making so many rediculous comments?

Hello All!  I have Investor Liquid Money available for Short Sale purchases in the state of OR.  Please email me with all scenarios; Guaranteed reply within 48 hours, and closing within 21 days.

The title company that either you or your buyer has sellected for the closing of your existing will prepare the HUD-1.  This will be executed by both you and the buyer at time of closing on your current property.  It will also be signed by the settlement agent.If you are trying to close on the same day, make sure that you coordinate the closings (preferably with the same title company) to happen on the same day.

I agree with AJ that if you had LPMI or PMI you are not qualified under the guidelines.  Also, if you have a second mortgage on the property, you are eequally not eligible.  The program in place seems to help out homeowners that fit into a cookie cutter scenario, but this still doesn't address the problem that got us into this mess, and those are the unconventional mortgages that were made on stated income / stated assets.I recommend contacting CitiMortgage for the new plan, as I just reviewed their guidelines today, and they seem to be working with homeowners as it is intended.  Hope this helps!