The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System.

In Massachusetts, the borrower needs a lawyer to file an interpleader in court to claim the overpayment.

Check with them and ask about lock pricing.At least consider a 30 or 60 day lock with the condition of the current market on marginal loans, it's worth looking into.

It should also include a stipulation as to the upfront deposit required at assignment as well as the conditions under which that deposit may be returned.

Have you actually discussed this with a RE lawyer or a title company?

Or pay for a CPA or lawyer?

While it can be tough to secure financing due to market conditions there IS money out there.I would suggest looking into the HUD 223(f) program for multi-family loans as the terms are fantastic.

As Jon stated. 203K is for OO and the condition of the home will force him to go with a conventional mort, meaning most likely 20% down.

But remember it’s not always a price and building when buying international (overseas) one also need to check the climate, political stability, economic conditions, health care, letting potential & law n order situation.

I think the closest thing we have to that is a Special Conditions Section that shows the property as either Short Sale/Subject to Approval or Short Sale/Offers Submitted.