Again, if you are buying this as a foreclosure, then this would pertain but if this is a standard transaction and not from a formal foreclosure preceding then it should have no part of the contract.Here is the NC State Article concerning the sale of property (see page 15 in subsection .22).Here is also a link to the results page from searching "10 day upset clause" in google.

He then sent me a certified letter with the results and requesting the tree to be taken down (which I had previously told him he could do at his own expense via text when he had originally contacted me).Fast forward, a year later I sold the house.

Appraiser said because it was not valued on the income it was producing as it was not a commercial property and more off comparable sales in the area.Is there is a way to find/estimate the ARV somewhat accurately for these types of properties?

Been an owner for 4-5 years, learned quite a few things already, among which is that a commercial kitchen is not something to be made or modified lightly - it has to be properly designed and properly made in order to function well.So I have this retail store of about 1100 sqft that someone wants to take for a small coffee shop with the ability to bake.My question is where do I start searching for someone to design/compute small walk-in cooler, grease trap, vent-a-hood, stove and HVAC on top of that so all this could become useable without anyone getting burned.From my past experience I have local mexican crews who can do any and all of the listed things and they'd do them relatively well except they won;t ever be designed to actually work well together.On the other end of the spectrum I've worked with american general contractors and they tend to cost 2-3 times the Mexican crews and, at least in my case, ended up delivering about same end result (in all fairness it was only kitchen remodeling, not design from ground up; but statement stands valid and I was able to later do almost the same at literally third of the cost).Your expertise is appreciated.

That deadline starts ticking the day a Notice of Deficiency (results of the audit) are sent to you.

In the commercial mortgage space we have found that NPN investments can be divided between(1) purchasing NPNs in which we’ve had no or minimal contact with the borrower, and(2) purchasing NPNs in which we’ve worked out details of a restructuring with the borrower prior to purchasing the noteAlthough the following is in no way a scientific, statistically verifiable conclusion, here is what we’ve concluded through empirical evidence1 - purchase discounts from UPB do not differ either way2 - having borrower agreement before note purchase results in much greater chance of creating a reperforming note3 - having borrower agreement before note purchase results in much less chance of having to foreclose4 - having borrower agreement before note purchase results in borrower seeing us as an ally not as an enemyAside from 1 above, the results are exactly what you’d expect.

Anyone else out there ever make the move and see great results?

Often their position is a result of a lack of education and/or the desire to do what it takes to improve their situation.

I get the feeling that current tenant leases will have a huge impact on any commercial loan and as a result, there are not a lot of good deals on properties that have solid tenants.

Direct mail marketing will produce your best results