Non-conforming products like DSCR (Debt Service Coverage Ratio), Bank Statement Loans, Asset Based Loans, etc are a great work around for DTI, taxes showing too many write offs, and also for the self employed.

I'm in a time crunch right now, to get this property purchased, and all that is holding me up is the appraiser claiming that it's a 2-unit, and because of this, there are no comparables around the area to compare it to What if I included in the renovations, the scope of work needed , to make this property conform to a single family unit with accessory unit use ?

Write it up, send it to escrow, and have them send out escrow instructions that conform to state laws.

People tend to want to conform.

Hard pulls are usually a requirement for conforming market loans.

@Steven W.Here are some of the main items to include on the promissory note.After you have drawn up the note or if the borrower has composed it, review the note to make sure it conforms to your Solo 401k requirements and is in compliance with the regulations.Confirm that the lender is your Solo 401k (it should read as follows, for example: Smith Do Solo 401k Trust)Sign all documents as trustee of your Solo 401kMake investment using funds from your Solo 401k checking accountWhen note payments commence, deposit all payments to your Solo 401k checking account (therefore, all payments need to be made payable to your Solo 401k)

Thanks.Jeff I think the strategy is fine so long as the new and larger home is conforming to the area. if it ends up being the largest home on the block and largest in the area, you will ahve a hard time getting it to comp out and for buyers to buy.Secondly, for several years now, the cost to build new is much greater than the cost to buy existing and repair, thus, adding on did not make much sense, especially when you add in permit costs along with longer holding times.As prices continue to climb, costs to build will finally catch back up and the time to spec build will be back.

Because of a Pareto principal level, of 'conformity.'  ;-)))

Even with a grant deed they'll often require an estoppel letter if the transfer was an uninsured transaction.There is a process to obtain an ExParte Order Staying Foreclosure Sale however the judges and commissioners are reluctant to approve, they are only heard certain days of the week and can be tricky to get a conformed copy of a signed order in a timely basis.

I find that I have to conform to their schedule at times, and it's annoying.An HOA sometimes does let things sit longer than a single owner would.