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going to have to be four, it can't be six.”
Henry said that he believes one of the lessons to be learned from the current foreclosure crises is that buyers should work with local lenders.
“People get solicited by mail and the Internet, but in all honesty, the best thing they can do is meet with a local lender and work with somebody they can see face to face and have access to and not end up dealing with somebody in Texas or California.”
Not only are lenders looking more closely at the financials of prospective buyers, they are also looking more carefully at residential property comparables provided by appraisers to sup
58.4%