@Steven CatudalWhat was the prior valuation compared to what you paid for it?

Lending and insurance are based on predictability and without question the frequency and size of losses will continue to eclipse prior records.

The home was a rental property prior and had been sitting.

In those instructions you specify that the EMD is to be returned to you regardless of whether the transaction goes through or is cancelled.This seems to be the opposite of the point of EMD... if the transaction is broken by the buyer, the seller can keep the EMD.  

I'm obviously bias now, but I've been investing in Reno for many years prior to becoming an agent. 

Putting people in a position where they would need to sell or come up with an alternative strategy to pay off the mortgage balance prior to rebuilding. 

@Cory Prior There are ways of doing low-money down strategies.  

For those of you who haven't been doing this for a while, let me tell you that there were similar companies with similar strategies prior to the GFC, advising people to take helocs on their primary so they can arbitrage that into higher yielding investments.

No prior evictions, no felonies.

Maybe I was mistaken about its prior use.