Of course it's pure speculation on his part but he's a 40-year resident of Durham with a lot of connections within the local government for what it's worth. 

Do not be misguiding by other investors that say "why pay a commission"Your paying for an expert no matter how much you think you know we're apart of a regulated industry and a lot of information is available to us not you.

Some states regulate this.  

That could come from both the tenant (church) and the local government if the church is having inspections done to qualify for funds and failing.  

People die, become incapacitated, or incarcerated, again, courts may hold up payments, while in default a lender may not proceed.Collateral is destroyed by insured perils but it's not sufficient to pay a second off.Other liens can take priority, child support, tax liens, student loans or government debts, so check the priority of liens, but what also might be the likelihood liens might be created that can still go the head of the line.Fraud in the origination process, by the lender, it may not be discovered until later on, arising from some other matter.I have  no idea what Dave does on a recourse basis.

If you really pause to understand that idea, each part of the industry has it's own set of regulations and requirements so you have mortgage files, you have title files, you have appraiser files and then you have concerns from each on how you are actually intergrating (or not, as mortgage and appraisal could not co-mingle).

I personally think that you should be able to charge them, but people should recognize why regulations come to exist.

Now that the federal government is involved (see FHFA Issues Warning on Super Priority Liens), this ruling won't last long - as federal legislation is adopted to protect the interests of quasi-governmental agencies like FNMA and Freddie Mac.  

Plus you see them blown out at $0.49/sq foot at places like Lumber Liquidators every so often.Basic government regulations have made windows and door significantly better than they have ever been in terms of insulation.  

You really need local knowledge to answer this correctly as regulations vary from state to state.