The CDC order is very specific that all adults in the property must provide this declaration.

It appears to me like some of the people flexing their investing muscles and talking big game may not be profiting anymore then the mom and pop operators that are consistently buying single-family housing.

That was it.Weeks after Grace died, an unrelated investing story hit the news.Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes, one of which was nearly 20,000 square feet and had a $66,000 a month mortgage.

If  I   use rental financing (accepting the higher rate)  and then declare it as primary residence for  the 121  exclusion is that an issue- re the loan and potentially the case for the  121 with the IRS>    If i  refi my present home to gain the funds  then  there is the issue of jumping to the secondary residence and trying to declare as my  primary re: the loan? 

The city  ‘declared’ the property abandoned and a nuisance and notified the bank (2nd mortgage was taken out and foreclosed) of its intent to demolish the property.

This tenant has been current on their payments up until their September 1st rent and sent a CDC declaration. 

On (a) Borrower’s failure to pay any installment or other sum due under this Note when due and payable, or (b) …, or (c) …, or (d) …, then Lender may, at its option, declare this Note due and payable immediately.”If so, the bank can only demand payment if you trigger a default.Please clarify.Also, you wrote this is for a duplex you purchased.

Read your documents thoroughly and answer the declaration questions truthfully.Most banks will ask you specifically "if any part of the down payment is borrowed". 

Muscle Shoals, Tuscumbia, Florence, and Sheffield have yet to feel the full effects of the Huntsville development.

I was approved for a loan for 350k and have around 18k for a downpayment, however, as I have been finding in the past year while I enhance my "deal analyzing" muscles, it's hard to find anything more than a 2 bedroom for under 400k - and I've really gotten in there - if by chance you do, it'll need thousands and thousands in repairs and we do not have the cash flow for that on top of the mortgage.