I would just say this, if you use the same method and it doesn't work, you have to re-examine it.It seems to me that someone responding to an offer two and a half years after you start marketing to this person, is an anomaly, not the rule...

To use the 50% as a worst case scenario is not a bad idea in budgeting your properties, but each property should be examined to the cost of each respective market.

If something pops up, such as a failure to disclose a matter that could support fraud for example, the contract will be examined to see what the understanding might have been and it may serve as evidence at that point, but it is at that time inoperable, since the closing took place.

I used to be a commercial lender myself and I am currently a bank examiner.

It used to be that banks would break policy and lend over 80% LTV, but now they are very sensitive to do this since this is one the first things their regulators look at during examinations.

He was a bank examiner no one I would rather have on my side , his know how has certainly been proven to me.

One thing though, if anyone really wants to understand what regulators are up to, you can go to various sites and read the requirements and laws, as well as the methods used, including considerations in examinations in performing their functions.

Finance examiner is exactly right...you will be acting as the principle...not the sellers agent...therefore DISCLOSE you are a licensed agent.

Here is another REALLY important part, if when you examine those areas you see dead ants around it, do NOT remove them, leave them as the other ants will carry them back to the nest, the object is for the ants to not only eat the poison, but make it back to the nest to poison the others.

With each transfer, title had to be examined and entries made, the current transfer would become the first page and in some cases possession of the abstract itself implied an ownership interest.