not sure you read her last post on this topic but she just sent this letter rather then follow the normal procedure and it worked she got them lowered.

Check out a Federal Law known as RESPA, or the Real Estate Settlement Procedures Act.

All in all, the procedure takes about four months.

I need to get them to cut checks. the are in the processes of reviewing my request to fund an LLC with check book control but that is not within their normal operating procedures.

Power of Sale Foreclosure Guidelines If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed.

As a prior landlord, I can tell you it's best to learn and follow the laws in your area regarding eviction procedures.

Don't massage the numbers to fit a desired outcome.

I heard Fannie Mae has his own closing procedures, how high will be the costs for this?

I spent hundreds of hours talking to lenders so do not waste your time with the sales person you need to talk to an underwriter.You need also to be able to massage these deals through the due diligence periods.

They are putting regulatory procedures on banks, not policies anymore, they want to control every minute detail of bank operations - and IMO want to control the banking system as a quasi gov't agency itself (as if it isn't already).