Can the builder or their mortgage co. object to my closing?

Please explain what "three to five year prep payment penalties" is.

I want clarify my objectives in the deal. 

He explained that for personal reasons (which he did not go into) he could not receive such a large amount of cash through the sale of two properties.

Our objective in real estate is slightly different than many others - we're over invested in company stock so are diversifying to real estate for less volatility.

My main objective is to learn as much as possible regarding real estate laws, what you can and cannot do.

If there's not enough volume to justify your own dedicated dumpster, or no physical space for the dumpster, it's a possible solution.I don't know if it's compliant with the letter of the law, but for these sorts of things I act rationally and create a paper trail to document effort ... and leave it up to someone else to object.

We explained the 50% by saying something like "obviously we expected some surprise findings to come up after purchase and factored that into our initial offer price.

If you have knowledge then check you have knowledge then explain and provide all documentation. 

Got it , Thanks for explaining that , Ya 10 yr balloon is not a problem at all .Originally posted by @Mike S.