The rush to buy: Dropping contingencies on offers, thinking equity went up in last month, and stated income loans.
2013-01-28 — doctorhousingbubble.com
Stated income loans? No contingencies on offers? Thinking equity went up by 10 percent in one month? These are just some of the conditions now making their way into the California housing market. I've noticed a few lenders now going with stated income again all though with big down payments. Yet some of the old wheels are starting to spin again
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