Only one lender (Citimortgage) said, "As long as you can justify the new sales price with proof of renovation (invoices, receipts, etc.), you can immediately use the higher appraised value for resale purposes."

And then attach a lien invoice to the contract, equivalent to your assignment fee.

It is my understanding that you would need receipts for the items purchased as well as an invoice for any labor.

Better be dang sure that 1) you can sustain the negative cash flow, and 2) you're willing to ride a loser or sell on the way down.

I say screw 'em.Plus I hate that their call center is outsourced to India and you cannot understand a dang word they say even thought it is "english".I encourage people to look at the American Express products.

I'll even widen that offer to ANY chapter of Culture of Corruption by Michelle Culkin(dang, I hope I spelled that name correctly!)

It does not send invoices, do payroll, etc.

If you are willing to risk the relationship I would send an itemized invoice for 10% month-by-month and see what happens.He may offer to continue and pay you.

The invoices might just have to come from their different DBA business entities!

You can also send paypal invoices.