Loan Modification Forum - LoanSafe.org - View Single Post - Loan Modification for multiple rental properties

jandalco · 07-25-2009, 06:52 PM

Thank you all for everything that I've been reading so far. This is the first ray of hope that anyone has said to me about my rental properties!!
I finally found a local lawyer and will be calling Monday to start the process.

Question: Is the lender looking at ALL my income on ALL the properties (and expenses, of course) or is each lender only going to look at THEIR property and the income/expenses from it? I read details that one person was kind enough to provide that the lender wants me to have some surplus money (haha). Do they want that surplus from everything in together or just on their property?

07-25-2009, 06:52 PM	#41 (permalink)
jandalco Junior Member Join Date: Jul 2009 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Modification for multiple rental properties Thank you all for everything that I've been reading so far. This is the first ray of hope that anyone has said to me about my rental properties!! I finally found a local lawyer and will be calling Monday to start the process. Question: Is the lender looking at ALL my income on ALL the properties (and expenses, of course) or is each lender only going to look at THEIR property and the income/expenses from it? I read details that one person was kind enough to provide that the lender wants me to have some surplus money (haha). Do they want that surplus from everything in together or just on their property?