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Wet states funds

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Icon Mini Profile jacq1787





Joined: 11 Sep 2008

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Post Posted: Thu Sep 11, 2008 12:28 pm    Post subject: Wet states funds
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What is guide line of wet funds for Refinance loan in reverse mortgage loan? What happense if didn't funds loan on time? What happense if disater notice in wet states?
Icon Mini Profile submitabc





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Post Posted: Thu Sep 11, 2008 9:01 pm    Post subject:
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This is a term of art, which means that when a person goes to settlement, the lender's funds must be on the table.
Icon Mini Profile helping_user
helping_user




Joined: 31 Mar 2006

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Post Posted: Fri Sep 12, 2008 12:45 am    Post subject:
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Welcome jacq.

Are you trying to refinance a reverse mortgage loan and need the wet states guidelines in this regard? well I feel only a reverse mortgage lender or any mortgage lender originating loans in the wet states can give you the right advice.

Thanks.
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