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Their stories talk about local builder's walking in and literally throwing the keys to 3 or 4 and even 6 uncompleted houses on there desk and leaving (future building lots as well). It did get a little more involved than that (but this is the short version) Not to mention alot of the same banks having to still sell exsisting forclosed homes. This is some of fast cash advance corporate office there talking about when they say banks are still nervous about real estate loans.
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100k from the sale of current home. Will I be able to get a mortgage based on social security, personal annuity, and IRA distributions. Will they accept those as income at that point. Ive been advised they wont and Ill need to get mortgage and buy home prior to leaving ft work.
Thanks so much!. Cant comment on the tax implications, but you should make sure the business assets can be used for the mortgage.