In a non-recourse loan, borrower's own credit standing

or financial situation is not a factor. There is no need to check a borrower's credit report or score. But it's important to check if the property *can be rented* at a market rental rate that will be enough to pay for the mortgage. A comparative rental comparison report will need to be done. A house appraisal must be done, borrower's business plan must be presented to the private lender for approval. I don't suppose to say that there will be no risk. However, the lender will try every effort to reduce risk for the loan.

Yes, your knowledge is still from books because you don't seem to understand the difference between a non-recourse business loan to a personal credit pledged loan. The loan va_landlord is asking is a non-recourse business loan, not a personal loan.

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• Now you are so ignorant. Non-resourse loan is based -山高月小- ♂ (469 bytes) () 06/26/2008 postreply 09:30:03

• You don't know what you are talking about, totally confused -miat42- ♂ (34 bytes) () 06/26/2008 postreply 09:33:33