The situation described is a composite from situations that I’ve encountered while involved with abandoned real estate.

Hi All,Real estate investor here from Connecticuti have a situation i have never encountered before.

It’s very uncommon for a solar company to come across a situation like this (I’ve worked in solar for over 15 years and haven’t encountered a client’s property being foreclosed on), mostly because the credit threshold to lease solar panels is fairly high, above about 650 for most companies.

I hate the hear about the problems that you encountered with the property and hope they are able to assist you with your situation.

Then you can apply to do a rate/term refinance shortly after you rehab the property or after closing with the PML if the property is already in liveable or appraisal inspection ready shape (aka you have working utilities and unit(s) is/are completed).Where you will encounter challenges is with the exit appraisal on your conventional refinance of the PML because the appraiser who will come to inspect will say shoot there was no work done and may appraise it exactly at what you bought it for.

Any work outside the scope of the initial plan is not permitted as the loan amount cannot be increased.If the project encounters cost overruns, those cost overruns will be the responsibility of the borrower to pay.Renovation Term Extension Fee: .50% of the total loan balance.

Be sure you have a good reserve should you encounter one. 

I'm closing on a 4-plex in Dallas and just got a sticker shock for the homeowners insurance.

Many agents and investors I encounter are cherry picking.

This is my first encounter with a situation like this with a tenant.