Some states, cities and towns were bigger losers than others but the US housing market took one on the chin in it's entirety.

She walked me through the house hacking process in its entirety and was a great agent.

I would think that if it is written into the contract and money was set aside, that should satisfy the lenders requirement for the roof to be replaced on the piece of land that they are giving you a loan on.Another options - do you have the funds to pay for the roof replacement in its entirety?

Joseph, thank you so much for taking the time to reply and for posting the thread, of which I read in its entirety…and will likely read a few more times!

And if so would only the cashflow count or the entirety of the rent payment?

@Julie Smith; @Polo VazquezWelcome to the world of DSCR lending.There's an entire tier of lending that is easier to close, close in rate, higher in fees, but significantly lighter in terms of paperwork required for qualification and it's DSCR or debt service coverage ratio lending.No income verification requiredYou can close in an LLC that you've had or just createdSome lenders allow cross collateralization of propertiesRates go as low as 3.99% on a 30 year fixedYou qualify on your middle credit score and whether the property performs at a ratio above 1.0 (sometimes lower)Max LTV's are 80% on purchases and 75% for cash outSeasoning for decent rates and terms is 6 months from the purchase dateNo restrictions on the number of properties financedHere's a real comparison to a Fannie/Freddie loan (after the lender letter from April that restricted lenders to originate only 7% of their portfolio in investment properties), 150K cash out investor loan at 75% ltv that was 3.375% with .75 discount on a 30 year fixed in March; priced out at 4.875% and a cost of 1.75 discount points. 

When they divorced, the property (if originally held as tenants by the entirety) became a 50/50 tenancy in common.

So they can simply state, "The Buyers’ attorney does not approve of this contract in its entirety" and its cancelled without getting into discussion over the whys.

Hi Greg,I'm seeking to use the lump sum that I'd obtain from the Home Equity Loan to pay off the now seasoned HELOC in it's entirety.

Penfed as you mentioned charges notary fees and appraisal fees, it charges a $99 yearly maintenance fee if you paid less than $99 in interest through the year, and if you repay or close the loan within 36 months you are on the hook for the entirety of their closing costs.