The opportunity of shedding your home to foreclosure might be terrifying. Mortgage lenders choose candidates that can show steady employment for a minimum of the previous two years. Long durations of unemployment won’t bode well to your application, and neither will a pattern of declining earnings. In an ideal world, you will have been on the identical job for not less than the final two years, or have made a job change to the next paying position in that point.
Our real estate attorneys close well over $1 billion in actual property finance transactions each year. Representing developers, lenders, funding banks, pension funds, actual estate funding trusts (REITs), domestic and foreign traders, major firms and individuals, we construction, negotiate, document and close a large spectrum of real estate financing transactions in the New York space and nationwide.
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