Commercial Real Estate Financing News + More: When unpaid student debt leads to a smaller Social Security check + MORE 12/30/2016

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Stated Income Loan Programs

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Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.

For more than a year, Jamie Chastain had $177 withheld from his Social Security check each month because of an unpaid student loan from three decades ago.

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According to research from the University of Scranton, 45% of Americans make New Year"s resolutions, but just 8% of resolutions turn out to be successful.

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Just about anyone who had money in the market is saying, “Thank you, 2016!"

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Congrats Americans! Your stock markets rallied to record levels this year.

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Members of the rap group Run-DMC are suing Amazon and Walmart for $50 million for trademark infringement.

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