Although Ive never done this, there's federal TRID legislation that allows you to blind your side of the settlement statement.

The matter is really up to the lender, the nature of the repair, the value the effect on marketability will be factors for them to allow repairs after settlement.

If you can work out an individual settlement maybe you can get your money back before others come calling.Like someone else said, it is about minimizing losses or limiting the damage.

By law public adjusters can only represent property owners while company adjusters can only represent the insurance company.We can recover settlements for damage, theft or all kinds of other losses sustained at the bank owned property(s) you are buying.In the past, (late 1990s) we represented a couple of lenders directly and did quite well recovering more than 450K in a two year period on about 15 of their properties.

I was on vacation this weekend and was talking to someone who's wife is involved in a probate settlement of some property.

This is in spite of the fact that the marital settlement already provided for it.

You can't borrow $290K initially because that would result in cash back to you on the 1031 settlement statement.  

What you are going to do before settlement, 4.

We can keep this out of the recent SAFE Act/Dodd-Frank as a commercial transaction by matching the agreement to the under lying mortgage when the existing loan may have been made as an owner occupied loan, (use of funds should be required) comingling the use of funds may become an issue.The additional equity mat be agreed separately, as another principal part under the same agreement or as a second.Here is some reading on the DIL and use of the QCD. http://www.atgf.com/tools-publications/pubs/deeds-lieu-foreclosure-advantages-disadvantages-and-draftingI agree to that the DIL should be or might be done at settlement simply as a disclosure that the lender would accept a DIL, I'm sure it could be dressed up explaining the benefits to a borrower as that there would be no additional costs and deficiency sought.

Lender would pay $6,411.00 in settlement charges, & we would pay $1,532.00 (interest for 9 days, hazard insurance, & recording fees) .