If you are on the cusp of approval, a mortgage officer will do everything they can to help you develop a strategy for the fastest results because they WANT you to be approved so they can make money.As far as the credit lines with your husband, can you at least close the accounts if you can't get yourself removed?

Obviously it depends on the type of project you would be developing, location, quality, etc.

You could bring in a money partner to stabilize but getting something is better than losing it and getting nothing.You could also look at selling to a land holder or a developer for cash to tear it down and rebuild something better.You can also approach your bank and explain your repair situation and see if they will help with the repairs to protect from a default and huge loss.Some small banks will do this sometimes.To the big banks for the most part you are just a number and a loan that has to be worked through.A HML loan will eat you up and I don't recommend that.A regular lender will not touch a property like that.

Cordray hit the nail on the head when he said, “It doesn’t do anybody any good for us to develop an elaborate set of protections if nobody’s going to then lend money to consumers.”But I think this may be, “one day late and one dollar short,” as the old saying goes.

I can tell you from working in land development do not get greedy.There are ways for the city and for a developer to get your property for less if you give them trouble.If it's a fair offer you take it and call it a day.If they are trying to steal it or buy it for less than you could get for development yourself then you fight them.You don't give it away but for a fair offer you agree.

When we develop a project, we are the listing agents, and also act as selling agents or leasing agents at times, so it's very useful and saves us a lot of money on deals.

My son works with us in our development business.

In looking for land, was he trying to find something that had no maintenance to speak of and he could hold until he could sell down the road or develop?

I help develop rooftop racking structures for commercial solar projects.I went to RIT in Rochester, NY for my engineering degree and discovered what a great rental market it is.

It seems developing strong relationships with a bank can add a little wiggle room.Thanks again for the help!