Depends on the bank.In your example, owner had a $750k note to the bank, and nominally $250k in equity, They now want to refi.

Keep the balance at zero dollars, pay the $75/year maintenance fee (or whatever the nominal fee is).Reasons:- First and foremost, now that you owe $0 on your primary residence, you can paint the door red in accordance with the ancient Scottish tradition (and BP members everywhere will know you as a heretic for not being mortgaged up to your neck).- You also have liquidity that is the envy of REI everywhere.

Nominal or real gdp?

Nick,Before completely eliminating this as a possible investment, consider this: you could enter an options contract for a nominal amount negotiated between you and the seller giving you the OPTION to purchase it once it is completely renovated.

Great resource for those who are excited to do creative deals but unaware of what's ahead of them.If you haven't made it a blog post on BP, I nominate it as a great candidate.

And even after the big recent uptick in appreciation, they have only gone up nominally, not enough to significantly move the needle.

If we prop prices up above that long term trend, I think we're just delaying the point when prices do reach the long term trend line, and resume appreciation.That said, its probably less painful to hold nominal (non-inflation adjusted) prices flat and let the trend line catch up than to let them continue to fall.If its clear that a house is a place to live and not a fabulous money making investment, then maybe at least some buyers will exercise some restraint.Like I said before, I think it would be worthwhile to figure out what sort of buyers and properties fall under this program, and target my fix and flips that way.

My attorney wants me to put him down for the RA, at a 'nominal annual charge' LOL.

The Fed inflates housing prices which is nominal but tracks wages and inflation over time. 

I f/u and notified management at Single Source, who did issue a nominal credit, and I finally rec'd my reports and closed on the loan.