Also, if the value of the property deteriorates, you could be forced to bring cash to reduce the loan balance before they will agree to refinance.ARMs are much better, and they almost always have a lifetime interest rate capped at 5 to 6% above the initial note rate, providing you a defined limit on how high your future payment might rise to.

Everything wonderful as a rental then the renters seemed to deteriorate.

Taking current pictures of the target properties. ( you will be amazed at the deterioration some of these properties have experienced in a few short months of vacancy)sorry to run on like this but you have my mind racing to give you as much as i can think of . hope this is useful.Invite to all is still good for coffee in the Hamptons

Those properties that could have been sold for a decent price six to eight months ago, now have been so badly deteriorated that the bank need to substantially reduce their price just to get rid of them.

As their balance sheets deteriorate with future credit card defaults, they will cut back on credit even more than they have.

If it comes in contact with water (bathroom, kitchen, mopping) it will start deteriorating and shrinking/expanding creating large gaps in between the planks.

The home inspector noticed that bedding soil had been added to the point where it is actually covering up the weep screed and he saw signs of rust and deterioration to the weep screed caused as a result of this.Albeit the Declaration of Easement does explicitly allow each homeowner the right to inspect, repair and maintain both sides of their home the homeowner will not allow us access as is delineated by the DE to exercise this right.

You definitely don't want to run dirt over wood siding, it'll accelerate the deterioration and invite termites. 

I've never done a rehab project, and never built a house, so I'm wondering what are the major aspects of a property that create the value on deteriorated properties?  

We applied for the certificate of occupancy and got flagged in nearly every single room for the WINDOW SILL/SASH with the following code violation:The interior was found to contain protective covered surfaces in a state of deterioration in excess of more than ten percent of the identified building component with a small surface area.