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Wet states funds

Posted on: 11th Sep, 2008 12:28 pm
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?
This is a term of art, which means that when a person goes to settlement, the lender's funds must be on the table.
Posted on: 11th Sep, 2008 09:01 pm
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.
Posted on: 12th Sep, 2008 12:45 am
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