On the other hand, it's a huge time drain and can be a real day killer.

If a SELLER has an option of paying $15k+ to sell their upside down house or run the risk of covering 2, 3 or ever 6 payments until the house is re-sold or rented will galdly take the option that does NOT require them to drain their savings.I have one of the most successful mortgage payment assignment programs out there.

However, as would be expected there were still major damages to the house - HVAC, hot water heater and roof were damaged by fire, the ceilings, walls and floors damaged by the water draining from the attic.

This means the water is to be blown out of the pipes, the meter disconnected, the water heater drained and anti freeze poured in pipes with p-trap or toilets.

If it leaks again, it goes into the pan and out a drain.

No cracked jams.Holes in walls or ceilings.No flaking or peeling paint, interior and exterior if tenant has kids under 6 yrs old.Good steps.Tripping hazards.Rain gutters must work and drain away from the house.Now let me tell you what they busted me on.

Pay yourself not a landlord and if you are worried about draining your savings than try and get a loan with as little down as possible.

Was called over to double check for the customer, found floor drain clogged, a few minutes with snake and good to go...customer was ready to pay $5k, I said no charge and relayed the system may have been fine without the recharge either. 

Biggest thing I see is banks doing a poor job winterizing homes.Seen many REO's were all the pipes were not properly drained.

But we are also aware this puts a drain on their resources and adds stress to their lives, so we would rather see them pay rent on time.In addition, those who pay rent late, often are paying their utilities late.