See if your QI would accept repairs placed on the settlement statement as purchase concessions with checks cut directly to the vendors.  

My Realtor told me that they would file for a separation and use that documentation if the lender asked for it.Then after settlement they would always somehow or other make up and move back in together in the latest house.

If the anticipated sale price isn't sufficient to payoff both mortgages, approach the second for a short sale.If your husband's anticipated settlement can be documented, the second might agree to suspend the foreclosure.

It's just that with all the 'dearest friend Jason' emails i have been getting from foreign countries with foreign bank leaders promising me a settlement of my rich uncle's oil fields in foreign countries makes me more nervous than ever.

:DI think the title says it all, but I'll try to explain the situation further here...I have a $500k settlement check coming to me this week.

Property Value: 325kCurrent Liens: 325kNew 1st Mtg: 308,750 (SISA 95%ltv) The need is for the other 5% and settlement cost to complete the R/T transaction.

Tax Benefits: There are several to include but not limited to:- Mortgage Interest Paid- Property Tax Deduction- Prepaid interest paid at settlement (for the tax year after purchase)- The cost of discount points (same as above)- Certain selling expenses (when you sell the property)- Any seller concessions (same as above)- Capital gains deferment (1031)- Proceeds from cash out refinance in some cases are tax freeI suggest that you speak to a CPA before you decide to purchase your first home and/or investment property...c.

Best is to negotiate a settlement and then have the item removed.

I'm also aware of double closings/settlements but I'm wondering if closing costs will have to be paid twice and if you guys who've done it even see that as a problem?

“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release which if known by him must have materially affected his settlement with the debtor.”They also sign this.DEFAULT BY BUYER: In the event Buyer should fail to consummate the transaction contemplated herein for any reason, except default by Seller or the failure of Seller to satisfy any of the conditions to Buyer's obligations, as set forth herein, Seller shall be entitled to retain the earnest money deposit, such sum being agreed upon as liquidated damages for the failure of Buyer to perform the duties and obligations imposed upon it by the terms and provisions of this Agreement and because of the difficulty, inconvenience and uncertainty of ascertaining actual damages, and no other damages, rights or remedies shall in any case be collectible, enforceable or available to Seller other than as provided in this Section, and Seller agrees to accept and take said deposit as Seller's total damages and relief hereunder in such event.