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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (25394)	11/24/2004 12:10:25 AM
From: SeaViewer	Respond to of 306849

CFC has a program called something like "easy and fast". In this loan program, they don't check income. They will give out loan to everyone. My sister is a RE broker in Bay Area (if someone needs to buy/sell home in Bay Area, she could help). She told me banks are getting easy on loan approval. Usually they check two month bank statement. Now they need only one month. One guy who makes $80k bought a $600k house, taking a no-down-payment interest-only loan. He works on H-1 visa. Banks are giving out loans to everybody. -ng-