All Forum Posts by: Dee L.
Dee L. has started 1 posts and replied 2 times.
Post: Letter of Explanation for Foreclosure on Rental Property
Dee L.Posted
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Quote from @Mason Hickman:
@Dee L.
The truth
Thanks @Mason Hickman. Should I be very detailed or should I keep it high-level? I have seen different opinions. Is there anything specific that the underwriter is looking for in the letter?
Post: Letter of Explanation for Foreclosure on Rental Property
Dee L.Posted
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Hi. My HELOC is currently in underwriting and the Underwriter is asking for a letter of explanation for an investment property that was foreclosed 7 years ago. How should I explain it?