tag:blogger.com,1999:blog-13037130.post7201549697971258409..comments2024-03-25T08:47:49.650-07:00Comments on Manhattan Beach Real Estate-Redondo Beach Townhomes: South Bay-Beach Cities:Buying or Refinancing...6 things you need to knowKayehttp://www.blogger.com/profile/09003331406008950614noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-13037130.post-68143400058169681002009-02-26T14:07:00.000-08:002009-02-26T14:07:00.000-08:00Anon 12:31, A gift for down payment is still OK. ...Anon 12:31, <BR/>A gift for down payment is still OK. Some lenders want to see proof og where funds ... i.e. donor will have to show account where money was and will also want to see it deposited in the recipient's account. <BR/><BR/>Buyer will also probably have to show a certain amount of cash reserves in their bank account as proof they can make payments.Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-40218358470591987392009-02-26T12:31:00.000-08:002009-02-26T12:31:00.000-08:00Kaye,Are you seeing any issues with a gifted down ...Kaye,<BR/>Are you seeing any issues with a gifted down payment? Example, parents gifting 20%? <BR/>Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13037130.post-3038963667731994022009-02-25T23:44:00.000-08:002009-02-25T23:44:00.000-08:00Anon 10:37, I suspect things will settle down a bi...Anon 10:37, <BR/>I suspect things will settle down a bit over time. There are a number of things banks could do to make it a bis easier to get a loan without resorting to the idiocy of the last few years.Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-86043588984029039562009-02-25T22:37:00.000-08:002009-02-25T22:37:00.000-08:00These 6 reasons are exactly why the beach cities a...These 6 reasons are exactly why the beach cities are going to tank. The longer the banks make it this difficult, the worse it will be. That mountain of cash that the banks are looking for for a down payment is just not there anymore.Anonymousnoreply@blogger.com