Posted by Ed Garcia on January 23, 2001 at 18:25:44:
I’m sorry to say that this is an on going problem in the industry. That one of the reason I like the Working Credit Line, is because you can get around this problem for properties that are either immediate flips or re-sale down the road. You can all solve the seasoning issue.
Anna, there will always be a lender out there for you, it’s just that it won’t be a Fannie/Mae type of product. You’ll have to use small local banks, lenders in the secondary market, and sub-prime after so many loans.