Posted by JohnBoy on October 25, 2000 at 12:37:25:
I’m not aware of any seasoning “laws”. Lenders may “require” seasoning before refinancing you on a property. Let’s say you just purchased a property. Now you want to refinance it for a better rate and/or terms. The lender you’re trying to get financed through may require you to have owned the property 6 - 12 months first before they will give you a new loan against it.
seasoning - Posted by john shine
Posted by john shine on October 25, 2000 at 11:16:32:
my questions has to do with seasoning(specifically florida area).how do the seasoning laws effect us investors and what should i look for about seasoning prior to placing bids on properties.please be as detailed as possible. thanks john
Re: seasoning - Posted by dewCO
Posted by dewCO on October 25, 2000 at 22:53:37:
The trick is to find a lender in your area BEFORE you have the property under contract that doesn’t require seasoning. Then tell the buyer to go there, unless your buyer is an investor with cash or their own financing, of course.