an option to lower costs would be to consider  slightly higher rate …...title ins is likley needed to provide assurance and insurance no liens have been placed on title since the last loan was made ...if they are asking for funds upfront , before the loan closes - do not use them  ...if the costs are to be paid at closing - this is standard ….she should be able to  roll  any costs into the new loan if there is  ample equity

Hello, I'm seeking a mortgage on a property that was purchased in a recent sheriff sale, property located in Union City, NJ.I've been assured that that are local banks that will underwrite mortgages even on the basis of an external appraisal (can't get  an internal one because I can't get in the property yet).Any ideas on which these "local banks" may be? 

Hello,I'm seeking a mortgage on a property that was purchased in a recent sheriff sale, property located in Union City, NJ.I've been assured that that are local banks that will underwrite mortgages even on the basis of an external appraisal (can't get an internal one because I can't get in the property yet).Any ideas on which these "local banks" may be?

Success will most assuredly follow in multiple ways for those ready to apply these timeless principles. 

The general rule is if you are a company then you are required to be a licensed contractor for liability and quality assurance.

My agent assured me that inspections are a waste of money,so I declined mines.

I've got a potential hard money lender whos willing to help me with the rehab cost but before we can make that happen he needs as an assurance from me to provide in writing a bank who's willing to refinance the property after it's been rehabbed.

Many lenders provide for these draws as well and will require that the work be inspected and pass inspection in order for the lender to assure they are being provided a value for the money they are releasing. 

You're willing to spend thousands, what's a few hundred more for due diligence and quality assurance.

When pockets of generational poverty exist within certain areas, its really hard to have assurances that there's not lots of risk to equity over time.