Our main concern is continuing to be compliant and being proactive versus reactive.

Consider this too, even if this loan is DF compliant with the balloon, if you buy this and the borrower can't make the balloon do you really want to be the one to throw them out of their home because someone made them a predatory loan?  

All you would need to do is make sure you use a licensed loan originator to write up your notes so you stay compliant.

I would check to make sure you are Dodd Frank compliant.  

As of now, my PM has had all the work completed except for the lead clearance, as we cannot paint the outside at the moment due to the cold weather.The thing is that since the inspection the tenant is withholding rental, claiming the home is not compliant and as such cannot be legally rented out.

Banks will only loan on houses that are compliant with building codes and 100% habitable.  

Folks,It is possible to build a Passivhaus compliant home (energy consumption <=15kWh/m^2 per annum) using off the shelf materials with a marginal increase in construction costs (~10-15% ... less as the workforce becomes more skilled).Primary heating and cooling of such a home can be accomplished via the ERV/HRV system with a small auxiliary heating source (there's a house here that has a 1500w auxiliary coil to provide additional heat to the fresh air supply during the coldest part of winter ... that's essentially replacing your furnace with a hair dryer).Even a near-Passivhaus construction (or retrofit) can lower energy costs 70% or more in comparison to the conventional (or even R2000) house being built in Canada these days.  

looking for advice. applied for 5th and 6th mortgage from conventional Fannie/freddie compliant lender. been 3 weeks. called and was told should be no problem will have answer for you shortly. that was 1 week ago. no call, no email.

I followed his advice about how to disclose and how to stay compliant with my mailings, yet some uptight ignorant agent got all worked up for nothing and has caused me problems.So once licensed, find a broker that's fully on board with what you do and keep them well informed so they can fight for you in case this happens too. 

Talk to folks at the Chamber of Commerce to get the scoop on the area's economic forecast and how other businesses see the future of MHPs in the area.We just had two cases of older Parks being run out of business b/c the new City Council created so many new ordinances there was no way the owners could afford to become compliant with the new rules.