I Hate Paperwork & Bureaucracy – Can I Buy My Next Home?
I Hate Paperwork & Bureaucracy – Can I Buy My Next Home? Tuesday April 29, 2008#spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3)I am a working real estate broker, and I’ve held licenses in Texas and Colorado, as well as in my current state of residence, New Mexico. I have been self employed in various businesses most of my adult life. And after my first, many years ago, I have always purchased homes with stated income or no/low-doc loans. After one home, and a pile of tax returns, business income statements, and revenue projections that reached more than a foot in height, I would happily pay an interest rate premium to avoid the hassles. I’m sure there are a lot of entrepreneurial types out there that have done the same. Unfortunately, it’s likely to be difficult to impossible to do it again, thanks to the greed of the participants in the current mortgage crisis. Thanks to Richard Ricelli at Bloodhound for a
