Real Estate Investor · Oklahoma City, OK · Member since 2008 · 22 posts · 0 votes
I just received a call from my banker telling me that this policy would be effective on June 29 2008. This really slow down a lot of new investors like me. Does anyone know if this applies for the whole lending industry?
The basic facts of the email are still correct. I think where there's a disconnect is that the reader/agent thinks that one can obtain up to FOUR 203(k) loans when, in reality, one can obtain ONE 203(k) loan for UP TO four units in ONE property.
Anyone have any idea's on whats next? Could we be possibly looking at the worse case situtation and banks start folding all over the country? My father who grew up as the Depression was ending has been waiting all his life for this to happen or at least it seems that way.
The moderators persist in deleting my posts without explanation or commentary. Therefore, I will not be contributing to this board anymore.
Actually the moderators have certainly explained themselves to you. You just keep complaining about it for some reason. Since your initial complaints about moderator editing, you had one post removed and no posts edited. The post was removed because it was a blatant violation of the rules.
If you're unable to follow the rules that you agreed to follow when you signed up for the site, then your posts will be edited. It is quite simple.
After all the private conversations we had regarding this matter, you seem to feel like airing your problems with the staff once again in a public manner, despite warnings not to do so. Since you've decided to make this a public issue, we'll finish it in public. As you're no longer going to be posting on the site, I'll just suspend your account for you.
Good luck to you.
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Can we please get back to the original discussion now?