If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Hi Chas, Are you making an offer un-represented?

So, if the value of your home is $775,000, then 80% = $620,000.That's first.That $620,000 represents the MAXIMUM mortgage amount. 

Are there any lawyers in the Greater Toronto and Hamilton area that are familiar with Master lease agreements?

I actually close on most of my land deals; however, I do represent some local flippers in the areas so the strategy doesn't shift.

Guess a GA lawyer is the best person to ask. 

Hello @Lorraine Hadden,I’ve represented several sellers who were previously listed FSBO. 

I have a title report from my lawyer, but it is somewhat confusing as the land has been subdivided (it started as 9 acres and is now 1.5) and has quite a few transactions - including to the county (I.e allowing the county to build a road).

Since this is my first go around - I'd really appreciate advice on the following:- any references on lawyers /firms to work with to go through the Barment and foreclosure process without breaking the bank.- Ball park ranges - what can I expect the cost of this process to be?

In the meantime I will continue the search for a new PMC and talk to our lawyer with the intent of filing a suit since odds are it will be needed.