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FHA multifamily loans are non-recourse with a few exceptions, similarly to certain principles of “bad boy” carve-outs. These specific documents stipulate the liability of people involved in the case of appalling misbehavior. Some lenders have lower standard to which is called being a “bad boy.” Due to this it is very important to analyze, read, and re-read all terms of a loan pre-signature to close.

Greg Hunter Changed status to publish February 3, 2021
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