They will take it to their impound lot and then process the legal matters.

What's in your name matters, like name of area, condo, home and things like that.  

Their offer was at 215k initially which I accepted, we also had an addendum added to the contract that stated no matter what the appraisal came in at they would bring the additional cash to closing to make up the difference (now they didn't honor this).

This is a matter for negotiation between the parties.  

My advice to anyone considering any program like this is to walk in with realistic expectations, no matter the fluff, and to know what you, personally, need. 

Hello All,I think everyone can agree that investing in real estate, no matter how savvy you are, requires capital.

It doesn't matter what tile I pick, install cost is about the same.  

Getting the job done in a timely matter is a priority.

your best bet is to have one on your team, and consult with him on this matter, i am not a CPA but i believe all those improvements should have been put on your taxes the years that you had the work done, it would have increased the asset value then and kept adding as you did the projects and reported them. i think you are in for an uphill battle now. the work you may have done say 5 years ago can't just be claimed now, there is 5 years of depreciation that is against that work that the IRS will claim you lost out on, so that will have to be deducted from your numbers.

IDK why, but seems like lenders don't like including "roommate" rent as real income.In any case, its tax returns that matter, not receipts for the rent.