But developing a relationship with a smaller bank is definitely the approach to take.Hope that helps,- Tom

If you are on the cusp of approval, a mortgage officer will do everything they can to help you develop a strategy for the fastest results because they WANT you to be approved so they can make money.As far as the credit lines with your husband, can you at least close the accounts if you can't get yourself removed?

The "land trust" has no special distinction in the Internal Revenue Code and would be a simple, complex, or grantor trust depending on the terms of the trust instrument.

Obviously it depends on the type of project you would be developing, location, quality, etc.

You could bring in a money partner to stabilize but getting something is better than losing it and getting nothing.You could also look at selling to a land holder or a developer for cash to tear it down and rebuild something better.You can also approach your bank and explain your repair situation and see if they will help with the repairs to protect from a default and huge loss.Some small banks will do this sometimes.To the big banks for the most part you are just a number and a loan that has to be worked through.A HML loan will eat you up and I don't recommend that.A regular lender will not touch a property like that.

Cordray hit the nail on the head when he said, “It doesn’t do anybody any good for us to develop an elaborate set of protections if nobody’s going to then lend money to consumers.”But I think this may be, “one day late and one dollar short,” as the old saying goes.

I know what type numbers the appraiser is going to be using in his report for revenues, vacancies, expense ratios, and cap rates, so I've got a pretty decent idea of what range it will be in.

When we develop a project, we are the listing agents, and also act as selling agents or leasing agents at times, so it's very useful and saves us a lot of money on deals.

Since their revenues a driven by fees, wherever additional fees can be applied – it is to their benefit.

My son works with us in our development business.