The new Dodd-Frank go into effect on Jan 10, 2014 and the rules apply to financing for owner occupant buyers, not commercial or investor to investor transactions.

The sales rep tells me that it could be the house framing is warped in that area, that they can only follow the existing contours of the wood framing, and that it won't effect the ability of the roof to keep the house dry.Should I believe this?

I agree with Shaun's comments.I run the Unofficial BP Boston Networking Event in Woburn so if you're interested in attending the next one in March, message me with your email address so I can put you on the email list.

Sometimes you'll hear appraisers refer to this as 'effective age' as in 'the effective age of the 40 year old house is substantially less than the 30 yr. old house due to substantial renovation'.

He must have looked up my return address and completely disregarded the number on the letters.

(Very expensive) usually you can mitigate most water penetration issues by simply addressing drainage at the surface.

Do I need to have them sign an addendum explaining the whole process - The address of my bank, the account name and number, etc?

A developer or large scale multi-family investor might have concerns that could be addressed by such a strategy, but I just don't see where the average investor who is conservative (buys smart/makes sensible profit projections) and diversified (not all the eggs in one basket) would need this kind of complex "hedge" for their investments.Your example is "a home" for a "sale close in 9 months" and that sounds like one big project and all of your eggs are in one basket.

Greetings,We are in need of a referral for RE Lawyers in the Gwinnett County/Metro Atlanta Area, who effectively work well with investors and are competent with Real Estate Contracts (i.e Lease Agreements, Seller's Finance, etc).

I've tried a few others since the new Buyer Select Program went into effect with HUD.