`(II) LIABILITY FOR REPAYMENT- The mortgagor shall agree in writing that the mortgagor shall be liable to repay to the Federal Housing Administration any direct financial benefit achieved from the reduction of indebtedness on the existing mortgage or mortgages on the residence refinanced under this section derived from misrepresentations made in the certifications and documentation required under this subparagraph, subject to the discretion of the Secretary.

I have discussed the "numbers" of the duplex with her and there is a possibility of a price reduction.

I give little weight to ANY of the comps on the first deal.

For future reference, being "told" something carries no weight with a judge.

They drop value at a much slower rate when the market is going down.They are much easier to find good tenants for and they are certainly easier (and faster) to sell for a higher market price and less reduction in the asking price.There is more to value than just price.

Get estimates for the repairs and provide them along with a request for a price reduction.

A mortgage usually has a risk weight of about 50 percent while a commercial loans has a 100 percent risk weight.

I consider this to not be generous for those with a long term lease of two years as they are stuck counting those years in the reduction formula.

Notes Lis Pendens Filings •We had a reduction from July to August.

A lot of people make a big deal about the reduction from 10 to 4 loans, but that’s they way it used to be for years.