I feel like it’s truly unpredictable and the best way to answering this is knowing the market will balance out again when interest rate goes back to the norm

They generally have a deposit and then pay the balance after the work is completed.  

Nice work.With such a small balance existing loan, I like a seller-financed wrap in this instance:1.

SMALL BALANCE HELOC ON PRIMARY US Bank 15k to $750k 10 year draw.

If a borrower stops paying on that first mortgage, and then the lender goes to foreclose, any equity that might have been had in the property is now gone because default interest, late payment penalties, legal fees, etc will eat up anything left after the principal balance of that first lien is paid.

As long as it shows his name and the balance, I would imagine that would suffice.

I would suggest Spain and Portugal they seem to be well balanced in "most" aspects.

 Will there be a zero balance through the loan process before closing?

If possible, I would appreciate these numbers plugged in for a scenario comparison as either of you would see it:- Purchase price of property to be relinquished: $190K (purchased 10 years ago)- Total depreciation: $60K- $150K loan balance (but doesn't makes a difference right?)

Utilization (balance / credit limit) hurts your score.