Almost all departments at Ocwen have been outsourced with the exception to their FNMA dept and team who handles GMAC accounts.Ocwen is now working all of their accounts in Equator which can make things a little easier as you no longer work directly with an employee from India who is not very sure of their actions as they are most likely new and lack training.Are you already in active review with Ocwen?

A portfolio lender for a construction/renovation loan will need to underwrite the loan and review the project as well which takes time.

i probably would be looking into getting a loan to finish the place off nice,because I think it would be worth it and give us a higher profit.However we both reviewed our options we thought the best thing to do would be take marks suggestion and try get a mortgage out on the house so we can get our money back out but get to keep the house as a rental,and might come back to it in a few years,do the place really nice and then sell it.sobwe have been into the bank to ask about it and got some info,and are excited to get the place done and appraised now!

This is why I want to review a PFS statement I send to them to see capabilities as a buyer.

Looking for a good local real estate lawyer to review HOA documents, other documentation, contract work, etc.  

If you are losing with the offer you made then I think that's not good business.Say you really want to make it work for the both of you and let her know after reviewing the numbers your offer no longer makes sense for you.

If you were a landlord reviewing my credit for an apartment which of these options  would you prefer.    

More important for some is the loans are generally asset based, with some income or credit review depending on the lender, so they are much easier to obtain than conventional financing.Texas has specific wrap loan disclosures, an 8 day cooling off period, requires the buyer have access to contact the wrap loan lender to verify payments are made and further gives the buyer the right to make missed payments for the wrap loan and get 50% EXTRA credit on their loan for making the missed payment on the underlying lien - to be able to protect themselves. 

You may also find names of contractors who performed the work and  benefit from any plan review or field inspection notes.

The company has good reviews from what I've found online and their BBB rating is positive.