Then I outsourced to a third party underwriter who I could tell exactly what I wanted to see.I then hired an in house acquisitions director who manages underwriting.

Background: Currently, I work as a project director in a financing/design and renovation start up on the Peninsula and I work with agents and sellers on getting a lift in their real estate listings by doing some pre-sale renovation work.  

I was a Senior Managing Director for North American operations.

During that time water bill with penalties over the years went up to over 150,000 or something crazy like that.I remember having a call with the Watershed director and the Mayors office for the city of Atlanta.

The other buyer tried to go USDA (not sure if they tried direct or guaranteed), but they ran out of extensions, so Fannie Mae put the house back on the market, and we had kept an eye on the house through Redfin. 

I'm just tired of some (definitely not all) agents, lenders, property managers, etc. soliciting business in a direct or indirect manner and then acting like they're innocent and "just trying to help".

I’m an IT Director and am just under the threshold in 2023 and will be also be under by in 2024.

Hi Penny, I do not personally know the Champaign/Urbana market, but my cousin used to be the marching band director there and it is a beautiful little community. 

Here is how that information gets used:* Typically, a lender providing an FNMA loan will not be allowed to fund that loan until at least 51% of the homes in a given legal phase are under contract to primary or secondary residence buyers* If any entity other than the builder owns more than 10% of the homes in a given legal phase, the lender might not be able to obtain project approval (and therefore not be able to provide FNMA financing)* If too many homes in a given legal phase are sold to investors, the lender may not be able to obtain project approval and therefore would not be able to offer FNMA financingIf you are a cash buyer, most of this won't matter to you because you don't have to worry about obtaining a loan, but a prudent sales director at the builder will likely be closely watching the totals to make sure they don't lose the ability to sell to buyers that do need a loan.There are ways for you/the builder to manage this issue with some forethought and planning and you can also talk to your lender regarding the current FNMA limits.

If the allowable time under Texas law has expired, title may be vested in either a majority of the surviving members of the last board of directors or the last shareholders of the LLC.