Posted on: 19th Jun, 2008 11:53 am
We are an independant mortgage broker licensed by California Department of Real Estate. We wish to stay in business. Our market has changed to FHA and we are not FHA approved. My understanding of FHA approval requires net assets in excess of $63,000. After depreciation adjustments to our Audited Financial Statement, we only have $46,761 net worth as of December 31, 2007. Our cash on hand has gone down since that date. We have good people and location, but we are handicapped due to lack of FHA. Can you help. Thank you.[color=White:a98428c6ad].[/color:a98428c6ad]LowellSisco@hotmail.com
Hi Lowellsisco,
Welcome to forums.
I think Sam, the admin will be the right person to answer your question. You can send him a mail in this regard. You'll get his email address from the ContactUs page .
Thanks
Welcome to forums.
I think Sam, the admin will be the right person to answer your question. You can send him a mail in this regard. You'll get his email address from the ContactUs page .
Thanks
Lowell I just made a change and may have some direction for you. I was in a similar situation as a CA broker and found a way to take care of business and still control things. Shoot me an email
