Posted by Cory on August 05, 2003 at 14:53:13:
The property is in Oklahoma. Thanks for the response!
Refi on subject to owned less than 12 mo?? - Posted by Cory
Posted by Cory on August 04, 2003 at 22:29:58:
I have a property that I purchased “Subject To” that I had to completely rehab. I am wanting to refi and pull out cash on the property but I have only owned it for 3 months. The Lenders I have spoke with will not lend until I have had it 12 months. Does anyone know a way around this or a lender that will do it? Any help is appreciated.
Cory
Re: Refi on subject to owned less than 12 mo?? - Posted by eric b
Posted by eric b on August 07, 2003 at 24:12:01:
Hello - This can be a real issue for lenders (as you are discovering). I think that Flagstar may not have a seasoning requirement (as long as you are a conforming credit borrower).
Re: Refi on subject to owned less than 12 mo?? - Posted by comp6512
Posted by comp6512 on August 05, 2003 at 11:41:06:
I can do 6 month seasoning if you’re in FL.