The amendments permit a lender or secondary market purchaser that discovers, after the loan has closed, that the 3 percent cap was exceeded to retain QM status by refunding the excess amount to the consumer with interest.

If they say they do not have that and it is a corp. buying ask for proof they have a controlling interest and decision making authority with a proof of funds bank statement for the corp.Also you can ask for a small retainer upfront of a few K for instance credited off of closing.

Or could the owner retain existing policy (they still have an underlying lien on the property)

Make sure you retain adequate reserves to get through any foreseeable problem.

I just wanted to add actually in the case mentioned above or in any case where a lender secures a property, with a Deed Of Trust(DOT), after there was a previous DOT, the new lender will make previously recorded DOTs sign a "Subordination Clause" in order to retain the position they are attempting to secure (1st, 2nd, etc.)

I am retaining all of this information.

My research of the GA Condo Act indicates the exact opposite (that windows are responsibility of POA).I called my attorney to get his input, but believe it or not it turns out he is on retainer with my POA so he couldnt talk to me due to conflict of interest.

Then you can retain the loan long term after you convert it to a rental property.

Had an initial conversation, I told him I would keep thinking about it (bringing legal action)....he followed up 1-2 weeks later and being frustrated, I went ahead and signed up with them (and gave a retainer fee).  

I am always on the go and I have found that I retain more information from hearing the material first.