The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (27953)	3/11/2005 1:13:18 AM
From: Amy J	Read Replies (1) of 306849

Tradelite, it's not a myth that lenders are loose. Even we've had a real estate lender call our firm asking for a former employee's salary, which we couldn't do until we received the employee's signature approval to do so. The lender never bothered to supply this, so we couldn't provide them the information until we got the faxed signature. But it didn't matter, you know why? The lender loaned the money - before getting employment and salary information ! Another employee's lender did not even bother to confirm employment. That's what's going on these days. So, when it snaps don't say we didn't tell you so. Like the other poster said, it used to be the norm to check salary. Regards, Amy J

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