I do understand that the owner wants to make sure that we can make payments, so I do understand about running a credit check and verification of income and assets.He said he would call me back with a price.

Salary verification?

For instance, assuming you have 2 identical properties (hypothetically, but I have seen this quite often in new subdivisions where owners build the same model but some add a basement) one with basement and the other without basement.Property without basement:  3,000 square feet selling for $300K, or $100 per square foot.Property with basement:  identical 3,000 plus 1,000 basement, for a total of 4,000 selling for $450K.  

And also- make sure to call all references and current job verification.

The borrower must be listed as an owner of the account and the account must be verified in accordance with B3-4.2-01, Verification of Deposits and Assets.

There are of course hybrid deal structures and other circumstances that make no one deal identical to the other.  

It will send you a verification code to ensure the phone belongs to you, and then you are all set.

(b) If the records of a series are maintained in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure, including a percentage or share of any assets, or by any other method in which the identity of the assets can be objectively determined, the records are considered to satisfy the requirements of Section 10A-5A-11.02(b)(1).

For the most part we run credit and ask for taxes to verify identity.

The rules for securing information and the disclosure of the reports is getting increased pressure because of all the identity fraud publicity (and reality).