Updated over 6 years ago on .
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Mortgage on investment property
Hey everyone,
Having issues with a potential short sale.
Putting 20% down, short sale was accepted very quickly.
Problem is that since it’s an investment property, my lender is saying that a 60 day “seasoning” of the income is required.
The money was just deposited into the account, and we would be about 30 days over on the closing date the bank wants.
Is there any way to avoid this 60 day seasoning rule?
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@Joe Wood @Chris Mason may know how to handle that scenario from the underwriting standpoint.