He has strong W-2 income, excellent credit, a bank statement showing $108K in cash and only a $106K mortgage liability (held jointly with me on our primary residence).The underwriters are holding up approval of the mortgage because the $10K EM deposit was a check written off a bank account in my name only.

No one is going to complain to begin an investigation and Dept of Labor isn't going around looking at the minutiae of smaller, closely held plans like mine.3.

I work with financial institutes, mortgage lenders, and privately held mortgage owners to liquidate their assets.

If so I have several more Questions that could impact on my options.I'll cover both scenarios here:If it was held personally.Yes, if they cut the check to your tomorrow, you have until the end of 2014 to either repair the property or purchase replacement property.The insurance proceeds will be taxed at ordinary rates.

Making educated bets is like gambling at a poker table.

Housing units held off the market have also fallen, from 3.9 million in the first quarter to 3.6 million in the fourth quarter.

I assume these are to flip, I suggest you finance the purchase if you can and use family funds for the rehab, then sell or if they are to be held, refinance using the new appraised value with the loan to value at 75/80%.

By law, Officers and Directors, employees and volunteers may not be held personally liable for their actions except for intentional acts.

I would think that if you held it for a few months before renting it for a weekend, you'd be OK, it really would not be an investment property purchased with the intent of making a profit but you're limiting expenses of your second home.

The mortgage held by the seller is the 1st and only.