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Texa Cash Out Guidelines

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Oceangayle

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Post Posted: Mon Jul 20, 2009 6:23 pm    Post subject: Texa Cash Out Guidelines
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Is it true you have to have 3 of 5 public utilities, and if so how recently did that become a law to Texas Cash Outs? We did a Texas Cash Out back in 2006 on this property and we just went through Quicken Loan everything was ready to go closing by 8/4/2009, then today they said the underwriter said they couldn't if we didn't have at least 3 of the 5 public utilities. Our home was built in 2004 and has the new style Aerobic Sewer System required by the State of Texas and a 380ft deep well and Electric with TXU
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Joined: 25 Mar 2009

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Post Posted: Tue Jul 21, 2009 4:51 am    Post subject:
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Hi,

I've answered a similar query at http://www.mortgagefit.com/texas/cashout-guidelines-utilities.html#108 434 .

Hope, this helps.
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