A recent and very important change in lending guidelines regarding cash out refinances is starting to rear its ugly head.  Bottom line is that cash out refinances are now not allowed within the first six months of a purchase transaction for all occupancy types.  How does this affect potential buyers?  Properties that are priced to sell are receiving multiple offers, especially REO’s.  Many buyers, whether buying a property as an investment, second home, or even principal residence, are deciding to...continue reading...