Banks know what goes into default before the public notice.

I am not sure what gas is but I can tell you lis pendens are the first notice of default.

When that happens the lender must start at square 1 with the foreclosure process so there is a new window of opportunity to negotiate for the property before the public notices run and all the world knows about the foreclosure.Hope that helps some, wish I could be more precise.RE FINDIT

Executed Broker Loan Fee Agreement, if applicableAdditional items required to approve, document and fund the loan1.Appraisal Report by an approved appraiser2.Formation documents of the Borrowing Entity (LP1) and Tax I.D. number3.History of property ownership if purchased from a related party4.Closing Statement for the property (or proforma closing statement if under contract)5.Joint Venture agreement (if any)6.Preliminary Title Report with underlying documents7.Geotechnical Soils Report8.Phase 1 Environmental Site Assessment 9.Site plan (with units plotted)10.Grading Plan 11.Architectural drawings with specifications12.Architectural agreement (if any)13.Engineering agreement (if any)14.Construction Contract (if any)15.Insurance broker’s name, address, and phone number (builders all-risk, general liability)16.Independent cost review may be required17.Related Debt Certification (Loans To One Borrower)Notice of Right to Receive a Copy of the Appraisal Report Here is the info to help you out.

Hi all, and thanks ahead of time for all your input/criticism!!!

I notice that Mike Mulrooney has a good product/book on real estate subject.

I tend to get a head of myself sometimes and stop paying attention to what I am typing.

Much of this stuff I knew well ahead of time and it just re-enforced it.

I would also have to get an appraisal ahead of time to make sure that I thought I could get the property at a good price.

I'm willing to guess you'll be ahead either way.