Of course unless your buying defaulted notes at the get go then again as Chris mentioned this type of fee should be handled up front.. and if it new origination your making and then they go bad.. in your foreclosures you can charge the borrower these fee's when they cure or add it to you opening bid and when someone buys it at the court house you get repaid..

Also, securing financing is no different than site built unless you're dealing with  someone that has no experience originating loans. 

My original SFR was 1100sf and I added 2 units: an 800sf SB9 unit and a 750sf ADU (converted garage plus addition).

However, as I mentioned in my original post, my immediate goal is to move out of our current townhouse into a larger single-family home that better suits my family’s needs (we have a baby and a big dog).

In retrospect I probably should have kept my original one in my name.

My wife and I own a couple duplexes in Florida, however with insurance costs on the rise, we're looking at Wisconsin, which is where my wife is from originally, and we're looking at small multifamily in Sheyboygan. 

Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

Originally posted by @James Syed:Just posted another 5 day letter at the front door.

And the ones that were originally built have been renovated to become a SFH.

Originally posted by @Jacob Trogan:@Mindy Jensen please lift my ban, also please let me know how to avoid this I did not copy the same message Hi @Jacob Trogan.