You can withdraw up to 50% of the balance every day.  

As my relationships started growing with banks they started becoming more scrutinizing on me; my liquidity and my balance sheet. 

This is why it is important to have an operational account that always has a minimum balance.

The owners do not have capital to rebuild this property My question is - can the owners negotiate with the lender on the recourse loan balance as the property will be demolished?

Remember, the key is to balance cost with quality and durability to ensure your renovations stand up to buyer scrutiny and add value to the property.Let me know if you're ever looking to get a quote on your next fix and flip deal!

The HELOC was the original plan, but it was going to take too long to close so we did this instead.My 403b has a value of roughly 85k and has a remaining loan balance of about 22k… about $700 per monthMy husband’s 457 has a value of roughly 180k and has a remaining loan balance of about 30k… about $850 per monthSince the HELOC is a variable rate, I’m hesitant to use a large amount from that.

Borrower contact information (name, address, phone number, email) Loan details (account number, loan amount, outstanding balance, interest rate, payment history) Copies of loan documents Borrower Notice: The original lender should notify the borrower about the transfer and the information being shared with the new servicer.

its always that hard balance of when to bring on people - you do not want to do it too early and you do not want to do it too late. 

I expect to be paid no later than Monday at 10pm Unless arrangements have been made in writing, by text, eviction process would begin that Wednesday if balance had not been paid in full.  

If the property can be sold with conventional financing I am on the other side of things (and the minority) they seller financing is a bad idea due to the risk and the returns especially when considering tax ramifications The idea behind it would be that I sell using seller financing to continue to cash flow each month at a high effective rate with the amortization schedule and put a balloon after 7 years so that I can collect the full amount once the effective rate in the amortization schedule starts to balance out and not be so lucrative in my favor.I’d love to hear more of your opinion on that idea!