As I anticipated, he suggested for me to put together a personal financial statement, all my business finanacials, and property description w/ title etc. for review.

Do I have to CYA before making a statement?

That must be documented in a financial statement along with a hardship letter which is part of the short sale package.

You also create a HUD statement, showing that the owner is getting no money in return for this short sale.So if the home is worth 100k and you can show proof that it needs 30k-40k in repairs, then you put a offer in for 45k and see what the bank tells you.They will send a realtor by to confirm your evaluation of the property.Hope this helps you.

The only other thing the bank want was full disclosure statement on what I was doing.

Usually on your statement they will tell you how they calculate the apr, interest rates and stuff.

id=412515744&office=e24&state=OHPlease note that HUD is pushing the Streamline loan on that $15K asking price home with the statement "Streamline K Eligible: Yes Maximum Amount $35,000"There also comes a time when the experts are uniformly telling you that what you are doing is not going to work where maybe I should listen to you all.Thanks, I guess I need to revisit my business plan.

Can you view each property on separate charts or graphs as opposed to one single statement with all properties.

Always use a company check and proof of funds in the form of a bank statement from the same account that the check was written from.

------ Danny Santos, Mentor and FriendIt seemed like a very appropriate statement to share at the moment.