{"id":9221,"date":"2018-11-02T16:07:39","date_gmt":"2018-11-02T16:07:39","guid":{"rendered":"https:\/\/chenoafund.org\/?p=9221"},"modified":"2024-06-12T16:48:32","modified_gmt":"2024-06-12T16:48:32","slug":"18-24-letter-of-explanation-follow-up","status":"publish","type":"post","link":"https:\/\/chenoafund.org\/18-24-letter-of-explanation-follow-up\/","title":{"rendered":"18-24: LETTER OF EXPLANATION FOLLOW UP"},"content":{"rendered":"<p>Since our announcement requiring a LOE from the borrower on any loan where a home is being retained and CBCMA is financing the down payment for the purchase of a home, we have received numerous requests regarding what the LOE should cover. The borrower should include some explanation about the motivation to buy the property, and what the plans are for retaining the current REO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since our announcement requiring a LOE from the borrower on any loan where a home is being retained and CBCMA is financing the down payment&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[104],"tags":[401],"class_list":{"0":"post-9221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-updates-and-announcements","7":"tag-letter-of-explanation"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>18-24: LETTER OF EXPLANATION FOLLOW UP - CBC Mortgage Agency<\/title>\n<meta name=\"description\" content=\"Learn about the requirements and guidance for submitting a Letter of Explanation (LOE) when retaining a property.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chenoafund.org\/18-24-letter-of-explanation-follow-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"18-24: LETTER OF EXPLANATION FOLLOW UP - CBC Mortgage Agency\" \/>\n<meta property=\"og:description\" content=\"Learn about the requirements and guidance for submitting a Letter of Explanation (LOE) when retaining a property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chenoafund.org\/18-24-letter-of-explanation-follow-up\/\" \/>\n<meta property=\"og:site_name\" content=\"CBC Mortgage Agency\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChenoaFundOfficial\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-02T16:07:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T16:48:32+00:00\" \/>\n<meta name=\"author\" content=\"James Bethe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:site\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Bethe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/18-24-letter-of-explanation-follow-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/18-24-letter-of-explanation-follow-up\\\/\"},\"author\":{\"name\":\"James Bethe\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/person\\\/299cfb8c03905ace40291040893ccc4b\"},\"headline\":\"18-24: LETTER OF EXPLANATION FOLLOW UP\",\"datePublished\":\"2018-11-02T16:07:39+00:00\",\"dateModified\":\"2024-06-12T16:48:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/18-24-letter-of-explanation-follow-up\\\/\"},\"wordCount\":71,\"publisher\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#organization\"},\"keywords\":[\"LETTER OF EXPLANATION\"],\"articleSection\":[\"Updates and Announcements\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/18-24-letter-of-explanation-follow-up\\\/\",\"url\":\"https:\\\/\\\/chenoafund.org\\\/18-24-letter-of-explanation-follow-up\\\/\",\"name\":\"18-24: LETTER OF EXPLANATION FOLLOW UP - 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