I just went through an audit where the examiner refused to pick up the difference between the depreciation taken and the depreciation allowable.

You'll never get enough data, especially for examining small scale problems.

I had more success in defending the matter when I gave notice.And another "unfair" point that might have helped me in keeping the wolves at bay was that when I spoke to another lender I could do so as a past FDIC Bank Examiner speaking their language and showing concerns for their position, protecting their collateral and guaranteeing the transaction.

Peter & Examine, thank you as well for your time.

Examine yourself.

I did get some double takes while explaining my experience for qualifications mentioning having been a bank examiner for FDIC and was accepted pretty quickly by the court.

See your attorney.All mortgages are reviewed after the are made and loans are pulled at random for examinations after a year as well.

I contacted the police and had them do a general welfare check on the gal and they looked at his phone to examine the messages and the police said they weren't of a nature they can call personally threatening.

I strongly suggest that the family  speak with a financial planner to examine a number of moving parts that I see as a concern that was not mentioned which further complicates the "family house" idea.

@Randall Re II I think this is a sound perspective.I'll also add that it can be helpful to make a true apples-to-apples comparison with respect to your cost of capital.Many investors will look at just the interest rate when comparing lending options, some will look at the interest rate and points, and the most sophisticated investors will take a holistic view, or examine the total cost of capital.The total cost of capital includes not only the interest rate and points, but also the pre-closing costs and fees associated with the loan.Examining all cost variables allows you to make a true comparison between lender quotes.Nice post!