I really don't have a good answer as to how to prevent this - but I'll at least bump this thread to see if anyone else knows.

." :) Although there are penalties for FAILING to file a required form, there is nothing that prevents you from filing a Form 1099 when it's not required...

You could write for use and occupancy on the receipt and i believe this prevents you from having to start the process all over again but she does not have a track record where i feel that you can risk taking a chance with her, cut your losses and run.

Otherwise, no one can tell you if something is a "priced right" or a "good deal".The #1 variable preventing the quick sale of a property is price.

(My health has also prevented me from attending since-and they know this.)

If it was important to HUD to prevent this sort of thing, they would have done something about it by now.To be honest, HUD should be happy as long as you're closing.

At least that way, when someone does an Internet search for him, they'll come across this thread, and perhaps it will save some other newbie the same frustration...Sorry that happened to you Sunny, but I have to agree with J about mentioning his name here...might save someone else some trouble later and maybe even prevent him from doing it again in the future.

Also, I don't understand the thing about how your written offers are binding and prevent the seller from accepting other offers?

I am only familiar with the thermocoupler, which i thought only sensed a cold element therefore preventing gas from flowing with a pilot light out, but when these things fail, can they do so on the hot side?

So, if you plan is to use the cash flow for some other purpose, shortening the loan term will prevent you from doing that plan.