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09-03-2015, 04:44 AM
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Veteran member
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Join Date: Oct 2010
Location: Reading, Pa, The Villages, Reading, Pa, The Villages until the end.
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Quote:
Originally Posted by jmac1031
If folks thought this situation was messed up, wait until Dodd-Frank real estate lending changes go into effect in the next month. They were originally scheduled to be in effect in August but because of all of the compliance issues for the banks, it had to be postponed. The training class I went to shared that unless you are paying cash 30 day closings,you will not be possibles because of disclosures and verifications no mater who you are. If there was a holiday in the contract period you needed to add a week. It will be interesting to see how it shakes out.
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TOTALLY AGREE Retired Mortgage Broker
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