For arguendo, let's assume a clause was never inserted by either party regarding a COA, and the city requests for minor modifications, what could legally happen?

FHA loans can also scare the seller as the FHA inspector can be as anal as he wants and delay the whole process over something like chipping paint on a windowsill that the seller must fix prior to lender approval.That said, being able to leverage the rehab money out of the lender is quite nice and on certain loan types you can get a ton of money (provided you can prove it with invoices, and you are not doing structural modifications, or whatever the requirements of the loan type are).

There typically needs to be some extenuating circumstance that necessitates the price change - like a change in the scope of work or an error on my part in estimating the job.In the past few days I have quoted on 8 different jobs.

If you insist on staying or squeezing me for money, I will hand this over to my attorney to not only protect me from your unfounded charges but to seek reimbursement for the floor replacement necessitated by your negligence.Please notify me - in writing - of your intentions."

FOR LOAN MODIFICATION?

I am marketing to the following groups as well: -people with federal or tax lien-delinquent property tax-landlord filed eviction-divorce couple-probate-inheritance listI am sending out 2000 - 2500 letters each month.I have found a little success with the modification,I am in contract with a lead I got from landlord who filed eviction.My goal is to improve my system so that I average 1 deal or more per month eventually.My focus is target marketing (that's why I eliminate landlords who livein the same city of the subject property, I believe those are low potential leads)Any suggestion would be welcome.Thanks in advance!

Call me at [PHONE # REMOVED BY MOD] if you want to talk about the program.

He chose one of them (with slight modifications) and that is what we went with...To make a long story short, we are now using a Wyoming Limited Partnership to hold the properties with a Wyoming LLC as the 1% General Partner.

You can buy the note real cheap, foreclose on the property and rent or sell. ...Another alternative is buying the note at a discount, doing a loan modification with the borrower (so that the borrower is able to perform as agreed), and then collecting cash flow from the modified loan.

Based on my understanding, purchasing points typically necessitates holding the mortgage for 5-6 years to reach the break-even point.