I held an open house as I had so many inquiries last time - I did two nationwide eviction checks, two credit checks and one criminal background check. 

Here is my plan.Leave the FHA loan outstanding.

Outstanding information.

Capital One to cut 950 jobs nationwide as it shutters its mortgage origination businesshttp://www.richmond.com/business/local/capital-one-to-cut-jobs-nationwide-as-its-shutter-its/article_7a8969e3-7171-5913-8f94-c8c115551469.html

My first post in Andrew P McDannel's FB Nationwide Note Group received a nasty comment from a seasoned note investor (that has since dropped off the map).

I did my own research and found the title to be free and clear (as you stated), and no outstanding taxes or HOAs due on the property.

The borrower's credit report can not have any (non-medical) outstanding collections.

The seller has an outstanding mortgage that they took from the sponsor of the condo who no longer owns any portion of the building.

As those losses aresubstantial they reduce my income to the point that I no longer qualify for the loan amount that I'm applying for.My question:  is treating the LLC losses in such a manner, a nationwide lending industry standard or are there banks that maytreat the losses in the same manner as they're treated for tax purposes.Before giving up on getting a VA loan, wanted to make sure that I didn't leave any stones unturned.

For many of the CPAs, the region really doesn't matter, as they deal nationwide.