The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

“Note investors who think learning from people who scam others out of millions is a good idea and a way to have a good reputation in the space.”I think we have to divide the above into two distinct groups.  

I would make one distinction and that’s between an expense and a capital improvement. 

So there are distinct rules for North Vegas, City of LV, Clark County and Henderson.No homes for sale in Henderson either-there you can have up to 5 homes per person, no bedroom limit,no need to occupy.

If you are in this business long enough you will undoubtedly arrive at situations where taking the small loss even if not fair or warranted based on the circumstances is best if it keeps everything moving and avoids more costly delays, liability and inconveniences.In this case, if you withhold the $2K, you still have to find someone to complete the work to your satisfaction.

I generally believe insurance is not worth the value in most circumstances (otherwise those companies wouldn’t make money), but I am a big believer in umbrellas.

While the circumstances may seem entertaining, the reality is this is not a laughing matter.

We will never have the right answer; everything depends on your circumstances.

Suggesting security measures, like motion lights or cameras, is also reasonable given the circumstances.

But it’s unclear if this applies to HomeStyle loans specifically, given the initial renovation appraisal already accounted for these improvements.I want to know if anyone here has been successful in getting PMI removed under similar circumstances or has any insights into the specifics of Fannie Mae’s policies for HomeStyle Renovation loans.