The good thing is that I already know what an end buyer would buy this home for and I can adjust my offer to be lower than that but not too low for them to close the file for insufficient offer.

Leve the principal amount in place as secured, modify payments to market value, place overage in non-accrual, adjust loan loss reserves only to the non-accrual, re-appraise in three years, adjust payments to market and continue to do so over the life of the loan until the non-accrual is worked off, borrower must quailify for increase.

Then apply the 10% max to the adjusted purchase price to see the most that he would qualify for if he is otherwise qualified.

I try to sell you my house again for $750k (adjusted for inflation).

The other day a tenant called and asked him to adjust her blinds, and he rushed over and did it!

A bank will typically charge you $100/day on a REO, so you would have a $1200 charge at closing for this delay.If the seller prior to this time delayed getting you info that your lender was wanting, you should have requested the closing be adjusted at that time.

Totally different story in my market.Here is the way I look at it... with FHA guaranteeing almost 70% of all mortgages it doesn't make sense to artificially limit the number of potential buyers.While FHA requirements can be a pain... as mentioned a lot depends on the lender, I have found that those investors who adjust their business approach to deal with FHA buyers are making more then reasonable profits... quickly.Best of luck!

What you believe is an insurance salesman's dream and an underwriter/adjuster's nightmare.

You could use an "annuity due" and adjust the payment and timing accordingly.

Built-in refrigerators in high-end properties also fit this bill.There is nothing lost by trying to get a price adjustment or repair credit of some sort - at most you lose the time and the effort in trying.Locks do usually get changed.