I don't put much stock in the BBB unless they have complaints filed, being a member means nothing.Talk to them, when you hear some loan orgiginator saying things like, "We can get this done real quick, it's a slam dunk" or "I'll try to get you a better rate" be leary, loans usually take so much time as the lender is dependent on others getting things done and a bank isn't going to cut a rate for a single conventional conforming loan.

But the first mortgage was probably a conforming mortgage sold on the secondary market to Fanny or Freddie.

I didn't start RE yesterday or the day before, or even 5 years ago...But, I don't know everything and I do make mistakes, made my 5th error in 4 months already this morning, I'm slipping :) Escrow accounting is an accounting aspect under GAAP and conforms uniformily in all states, I don't need to look up how funds are to be treated, if your escrow account is in a bank (which it is) I already know the laws.

That can become a lending issue, so I suggest you be there enough to conform to insurance requirements for a standard homeowner's policy.

Institutional loans have more of a conventional underwriting process and can include conforming loans and non-conforming loans or prime and sub prime.

If their actions still do not conform to your expectations peruse other options.

If the new buyers want to knock it down and building something different, and that's in conformance with planning, zoning, and building codes, they should be free to do it.

The current land use map is what zoning clusters of development and their uses exist today.The future land use map usually goes out 20 to 25 years and shows what the city has discussed and approved for general growth and in what directions moving forward.You still have to get your specific site plan and quality of build approved with density etc. but it gives you an idea of if your plans will be conforming for the area or non-conforming.

A "conventional loan" aka a "conforming loan" is one that conforms to Fannie Mae and Freddie Mac's rules for mortgages.

I know Dallas is blowing up right now so non-conforming properties may be the way to go.