Since the original mortgage stays in place, you only need to ensure the reinvestment equals or exceeds the proceeds.

Unlike a foreclosure, a deed in lieu of foreclosure does not extinguish any of the liens and encumbrances affecting the property.Most courts recognize the execution of a deed in lieu of foreclosure in a transaction subsequent to the original mortgage transaction as a legitimate alternative to foreclosure proceedings.

Quote from @Roger Flot: I was reviewing some renovated listings in my area and one indicated that even though the house was originally built in 1920, because of all the renovations bringing the house to current code, that you could get 2024 rates on insurance. 

My name is Cesar and I am originally from Puerto Rico but have been living in Virginia for over 20 years.

Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

With AI or just plain data management, we should be able to catch quite a few issues.  2. 

If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future. 

ThanksThis thread is 4 years old and I'd be surprised if the original poster is still around.   

Its just another loan for them to originate for you.So, its just like refinancing any other loan. 

Originally posted by @Deborah Burian:Ok, I wasn't spamming (I don't even sell anything I could spam) but I was pasting a "hi" message to new members THE SITE RECOMMENDED TO ME.