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Re: WAC post# 43345

Monday, 06/25/2007 1:32:26 PM

Monday, June 25, 2007 1:32:26 PM

Post# of 79921
I can do loans on those houses all day long with 9+ lenders currently. And not only would an investor get 50% tax write off if they are a real estate professional, but they would also get a check from Uncle Sam for $30K if they agree to put it in a rental program for 5 years. Depends on the county in MS though.

Regardless, they might want to earn the interest on the loans, but to help get financing for the buyers because there are no lenders is not the case (see Taylor Bean, BNC, Netbank, Countrywide, Wells Fargo, UBS etc etc).

"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
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