I finally closed on this house in early July. 1 month later, I got another house which we are currently remodeling.

The Final Title Policy will be included (should be) in the paperwork when it is purchased.

It just sounds to me like he's looking to finance his improvement of the property.The bank isn't just going to figure the final value, hand over 80% of that, and hope for the best.

I usually just look at the final price (after repair value) and subtract out the repair work, holding costs, closing costs, and my profit.

Steve Babiak, I actually just closed today, so here are the final numbers:- Principal + Interest: $1090- Taxes: $636- Insurance: $173And by the way, thanks setting the record straight and calling out that ridiculous post.

Finally, this deal would require a $55,000 mortgage.

Banks finally have the man power (somewhat) & want to minimize their losses.

It has been a long time coming, but we've finally launched our new, interactive company profiles!

There was a huge shutdown on foreclosures so that gap is finally working its way into the lack of inventory.I'm guessing that there will be a huge unloading of foreclosures in the next 6 to 9 months that will drive prices back down.

It's been a long battle but low and behold she was finally approved for the new plan that Chase, BofA, Wells Fargo, etc. has going (Global Settlement Act *I believe).