To: longtermmemmory
That or simply allow mortgage companies to make loans without requiring insurance. I can see a lender going along with that as long as they can write you a mortgage at 25% or 30% interest.
18 posted on
05/31/2006 8:23:09 PM PDT by
steve86
(Acerbic by nature, not nurture)
To: BearWash
or just require a larger deposit
or require a specfic portion of the collateral to be unencumbered.
They do similar loan policies to do loans without income verification.
some reasonale solution will have to develope if there is no insurance avalable at all.
42 posted on
05/31/2006 10:15:29 PM PDT by
longtermmemmory
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