Posted by Jack on July 30, 2003 at 21:25:28:
Ed writes that the VA treats a loan wrapped via CFD as a lease.
Jack states that this is incorrect. The VA does NOT treat the wrap as a lease. It is a sale.
Ed writes that the VA will want a full financial package on you if you take over the loan.
Jack writes that this is wrong. The VA has NO IDEA if you take over the loan subject-to or wrap via land contract.
Need it any clearer?