Quote:
Originally Posted by FMCoug
Okay you meed it sound like the mortgage for the purchase was for $150K. And what about seasoning? It would have taken 3-6 months before he could refinance.
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Plenty of no seasoning programs out there. You can refi 1 day after a purchase in a lot of cases.
What he did was perfectly legal, some would say its unethical but these people are losing their houses regardless or would not be able to purchase a house in any other manner due to bad credit I think he is doing a nice service.