My favorite line right now is, "if I could get anywhere close to what the book says when I sell them-I would be so rich that I would be retired in Jamaica right now and we would NOT be having this conversation!"

This may also be the law where you reside, but even if it is not, most conventional lenders will have convenants in their mortgage subscription terms which will not allow it.Now, if it is the case that the family member(s) are providing a loan for the entire amount of the property purchase, then the loan is private and if both parties agree to a 5-yr term w/ interest only payments, that is fine ... they effectively become the mortgagee.

I get the intent of the requirement, I would comply but I wouldn't be terribly specific either.I would put it back on any regulator type or on any attorney that may use that information against me by putting in terms of underwriting guidelines published by Fannie Mae as currently in effect as well as Housing and Urban Development guidelines as applicable to the type of property.

Other advantages is the bank will schedule the BPO through you, so you can do the walk through with the agent doing the BPO and this can be very helpful because you can influence the pricing opinion of this agent by pointing out anything helpful that might effect pricing of a home as in repairs, crime stats, school districting, whatever it maybe that would effect that opinion downward.

Drafting notes to be serviced by a third party effect payments made, how money is applied, escrows if any, default provisions and changes of servicing must be considered.

They give you similar results (on their face) but are entirely different ways to get there and contain very differently 'lasting' effects.  40,000 Sq.

A good agent should get a faster turnover time due to correct pricing, effective advertising, and availability to "sell".Pay full price to a good agent.

With recent pandemic effects, I hear rental property in Seattle and areas are pretty vacant.

A lis pendens, as you know, effectively prohibits the sale of a property.

If they would operate with more integrity and do a little more homework, I think it would help everyone involved and make their business more effective.