Judgement, garnishment...that's going no where.I value my time at $300 per hour... so over the course of the next few months if you have 6-8 hours involved in chasing this money you will be close to breaking even..and that's before attorney fees.

or try for sale by owner (Craigslist)...We'll explain that there will be more fees involved, and that it will take much longer to sell (especially in this market, compared to a few months ago) - but that if they're not in a rush of any kind, that it's usually their best option...In our experience, the best thing is just to give people real advice, and if you can really help them out - tell them that.Small margins are also tough for rehabbers, who are taking on risks and spending lots of time and money on the rehab.Best,Sean

You may be finding it difficult to get an attorney involved because there is no money to be made on this issue.

I was hoping that I might be able to argue proforma rent to the insurance company or go after the insurance company for recommending the construction company who took way longer than advertised.It sounds like I don't have any options since my rental policy has language that says loss-of-use applies to the "rented part".

If the insurance agent is doing his job, the mortgagee would have to do it for you, and apply, since under insurance law and practices, you cannot buy insurance for someone else.

My first instinct is to apply the 1% rule, but how do I know what a property is going to realistically rent for?

I suppose that could apply to commercial or residential loans.

Typically, this only applies to tenants who lease less than a specific percentage or square footage of the building.

Not all rules apply the same when you are changing scale in developments.

The same owner occupied rules apply as John stated in his reply.