Right before the virus madness, the lender I was in the process of refinancing with denied the loan because there were missed payments...At this point, I'm looking to either cash out or do a rate and term refi on a single family rental property in NJ.

Right before the virus madness, the lender I was in the process of refinancing with denied the loan because there were missed payments...At this point, I'm looking to either cash out or do a rate and term refi on a single family rental property in NJ.

Right before the virus madness, the lender I was in the process of refinancing with denied the loan because there were missed payments...At this point, I'm looking to either cash out or do a rate and term refi on a single family rental property in NJ.

LBUSD seemed to just go through the motions and denied me every step of the way.After the holidays I will again contact Reid Miller at HCD and see where they are at with this.

Originally posted by @Denis Rich:Hi Dale,Wow, this is my first post on biggerpockets and I'm already answering questions.

We have the right to deny him moving in, based on what our lease says, but if we decide to all bunk up what kind of documents should we prepare to ensure we're protected?

We have the right to deny him moving in, based on what our lease says, but if we decide to all bunk up what kind of documents should we prepare to ensure we're protected?

Hey Christian,It sounds like this deal is hindering on a zoning issue that hasn't been confirmed nor denied, it's stuck in legal limbo.

In Chicago it is illegal to deny a sublet, so as long as you find an adequate replacement tenant you can move out anytime during your lease, offering flexibility with your purchase timeline 

.* The final building inspection has been passed (This is a big one, and we are pretty strict about it)* The space is ready for its intended use with no work being required that is ongoing or requiring of regular access (This keeps someone from denying us payment over a single door knob or a minor paint touch up or something like that)* In instances where the homeowner has moved out of the space, re-occupation may constitute substantial completion (This is more for when we deal with homeowners.