one thing you look at is how much "of their own money" does the buyer have invested in the property? Statistically, properties with owners/buyers having a significant amount of their own money invested in the property are less likely to go to foreclosure. A lot of the underwriting guidelines come from analyzing the foreclosures to see if there is a common thread. Not having much at stake....i.e., not a lot of your own hard earned money invested in the property... those borrowers are statistically more likely to walk away from the property......
just the ol' underwriter..... |