I've pondered this on occasion, and I think that extra money can be used in beautiful ways to make the world a better place and help people around us who genuinely need it.

As for your second point, that situation doesn't exist but I have on many occasions given more than what I have on my contract because it was the right thing to do. 

We worked our asses off, took public transit to work for 8 years while never even owning a car, ate literally ramen and whatever Restaurant.com coupons could get us on special occasions.

Since my CPA charges $250+ per hour and since he has many friends who are super expensive attorneys, all your CPA has to do is create some tax issues, or other issues and then he and his friends can get rich making believe they are resolving issues with the IRS and heirs while they are actually causing problems.In my Living Trust, I made annual payments of $10,000 per year for something (can't remember), but when I decided to remove my CPA from my Living Trust he had to tell me that he 'borrowed' $8,000 from my account and that was not the first time I caught my CPA stealing money from me.On another occasion, my CPA handled a major audit by the IRS.

With that $50k you pull out you can either take it in cash as part of the cash out refi, or, something I've done on occasion is just keep a line of credit (LOC) for that amount in addition to the mortgage. 

Whatever the occasion call for I am there to help.

But, in my experience, you may be walking away from a property that didn't necessarily have much to worry about.Now, that said, I've seen at least one occasion where the bank literally had someone come in to an REO that was covered with mold from floor to ceiling to wipe the walls down and give the impression that there was no mold present.

The tenants upstairs have created the issue on one occasion by splashing water in the shower.

But I think that is a contingency that can be omitted from your offer in some instances, and I have offered no inspection period on occasion.

Thank you @Sam Ally Your response is very thorough and helpful with immediate usefulness.And @Jim Y. thanks for distinguishing "inconsiderate smokers" from the considerate ones.My neighbors have been considerate of me on one occasion and I thanked them.