Real estate agents, mortgage lenders, title companies and escrow companies are familiar with harried changes to the HUD-1 closing statement and to mortgage documents, which changes often lead to aggravating delays and additional costs.As of August 1, 2015 our closing table dramas are scheduled to come to an end.The Real Estate Settlement Procedures Act (RESPA), Federal legislation enacted in 1974 to protect consumers from unscrupulous and confusing real estate practices, is changing in several significant ways.

Bullying tactics pure and simple.They are doing their best to restrict the movements of everyone's money so it doesn't surprise me that your bank is asking this.IMHO knowing what I'm like, I'd tell them in no uncertain terms, it's none of their business.It's an outrage really, but someone who maybe a little more adroit would offer an answer of, well it's for personal reasons.

(That's a hallmark of poorly written legislation, see HIPPA and the Affordable Care Act for further examples.)  

It I get an acceptable tenant lined up, I make sure they are OK with an uncertain move in date.  

I am planning on also getting a Real Estate minor which is ranked as one of the best in the country but I am uncertain as to what specialization will suit me best.

They are going to file it but I am uncertain about the circumstances.

But I can say from experience that in NYC it is tremendously challenging and expensive (for the landlord) as legislation was passed at the state level in New York a few years ago, and then enhanced even further in the city specifically.1) 60% (or 51%?

I was excited to get more insight with another hour of great ideas in  BP 16-- dealing with Seller-Financing, Private Money, etc. but to my dismiss  I heard only a 4minute announcement that "We had to remove this program because new legislative ' Dodd-Frank' rendered many of its recommendations illegal."  

It seems to be more an anti-gauging legislation than anything else. 

Many people do this, for example, buy helping aunts/uncles/family friends with retirement accounts from previous jobs set up a self-directed IRA which can then loan on the project (though see handsoffmyira.com for an important and immanent legislative threat to this funding model).I honestly feel like a lot of it does come down to the purchase price though.