Originally had an order in for 3x 8' culverts that would be roughly $547 each because no one had them in stock.

The original basis carries over up to 300k.

@Michael K Gallagher We originally planned to build three houses on the lots (1/3 -1/2 of a block).

As a joint owner, only her share would receive a step-up, and you'd still owe capital gains tax on your portion based on the original purchase price. 

Almost zero positive feedback actually so that really answers my original question. 

It's not the difference between 11.5% or 12% or 1 point or 2 point origination. 

Originally posted by Ann Bellamy:I also have a source that I broker to who does 100$ financing, but the program is so expensive that there are few takers.I'm curious Ann, what are their rates and terms?

Numbers are favorable for HML, 2% origination fee, 12% interest, 90% LTV/100% rehab.

Yes, on the original contract it states "My Company, or designated entity" and yes, I told my realtor it was being assigned, and also forwarded the assignment contract to title, all prior to the deal falling apart.Would that change things at all?

You may be able to call the servicer and provide the original loan docs to show that it was not supposed to report to your credit.