Two months later we were sitting at the settlement table . 

Remember the cash out percentage will be 75% max with Fannie and it can not exceed the amount of the settlement statement for the initial purchase. 

Changed the terms 5 hours before settlement.

HUD settlement also needs to be broken down accordingly and each property needs to be set up as a class. 

Parties to real estate transactions seem more likely to ignore Big Red Flags as the settlement day gets closer and closer.

I would call several and ask about their charges (watch out for JUNK fees that they stick on the HUD.If you know what to expect before settlement you will be better ready to avoid problems at the settlement table.Ask them to give you a list of all charges that will be on the settlement HUD - if it is an assignment - make sure your paper work is right and that they understand who gets what - make sure your assignment is clearly marked on the HUD.

Your balance should only be 20% of the entire approval amount of each credit card.If you do have any unpaid debt that you now have the ability to pay off, then either do so or try to set up a “payment plan” or settlement option with the debtor.Obtain additional credit if you have limited credit.

Learning a lot is great but if you cant break even you will be stuck renting for a long time before your loan is paid down enough to get you out without bringing money to settlement.

Seller got a loan for $94k in 2000 from Lender A, secured by a deed on the propertySeller got another loan for $105k in 2002 from Lender A, secured by a deed on the property Seller claims that this was a refinance of the original loan, with additional debt rolled inLoan docs from the seller suggest this is true, BUT the box labeled "refinance" is not checkedNo modification or release was ever filed for the 2000 deedTitle policy from the 2002 transaction listed the original 2000 deed as an exception to coverageThe HUD-1 settlement from 2002 doesn't show any specific payoff of the original note.The current loan servicer sent a payoff statement that will release the 2002 deed, but no mention of the 2000 deedI reached the person listed as trustee on the deeds.

TGB for settlement and legal.