Because it looks bad to override another DE.Your best bet is to see if the buyer can qualify for other financing (there is a new 97% LTV Conventional product called HomeReady), or maybe your state has down payment assistance programs (i.e. here in IL we have a $7,500 DPA program through the state you can use with Conv financing depending on the area, purchase price, and household income).Hope that helps, best of luck.

To trigger the licensing requirements under the SAFE Act, the financing must be primarily for personal, family, or household use.

I'm looking at a multifamily on 72nd & Center that you would think is in Milwaukee but in fact is in a tiny pocket of Wauwatosa that juts north along the irregular border.

As 88% of all households still want to own a home, as they do, they are pumping millions into the retail sector, as they purchase furniture, lawn mowers, trash cans, dishes, etc. to outfit and maintain their homes.As someone in the trenches daily, I can tell you that the market still feels healthy to me.

I am interested in  replacing our current household income from our own business with profits from real estate.

Presently they have diverged so far from the underlaying economic fundamentals and household income, that I would not bank on that continued appreciation.  

The table shows that Cleveland has zero population growth, a reduction in jobs in that period and a low median household income.

It's very nerve wracking to think, us as a household that makes roughly 35,000/year will have to pay back 15,000.Originally enacted in 2007, the Mortgage Forgiveness Debt Relief Act allows debt forgiveness of up to $2 million to NOT be considered taxable income if: The house has been used as the principal place of residence for at least two of the previous five years.The debt has been used to buy, build, or make substantial improvements to the home.

Our head of household is an insomniac with PTSD, brain & spinal injuries, various other chronic pain probs that run major interference with life & everyday activities.

We are just 1 tiny step away!