I'm currently tied up for the rest of this week, but if you will call or text me one day next week, maybe we can get together and talk strategy?

Please let me know your thoughts here.My father is currently tying up his VA loan limits with a condo he currently rents out, he has 70% LTV on that prop and just got into a contingent contract on a new house (he did this without telling me).

Welcome to the siteWe look forward to your valued contributions from taking action(lessons,success stories).Otherwise just remain active for  networking opportunities

We use separate contracts - with no financing or incentive ties between them - but I read a thread on BP last week where a snippet of the regulation from NC was posted and it appears they prefer a single contract there.Either way, a 40K option fee on a 94K property is way too much and would be considered predatory just about anywhere.  

We remain focused and determined to continue our presence and seek new and exciting opportunities.

We have assets but my mortgage is tied up so can't get another mortgage at the moment.  

@Leslie Pappas -- I was just providing the baseline threshold numbers I need to hit on this property in order to remain in compliance. 

Just curious what the opinions are on lumping my remaining mortgages together or just staying the course of where I am today and paying them as they are.

Part of me wants to cut ties with the seller, but the business side of me says to stay and play ball. 

I noticed you're from Scottsdale, my family actually has a few ties out there so I'm out about that way a few times a year.