It's funny how we apply this rule to direct mail and forget it when creating the image of our business.

A rate/term refinance of an existing lien (unless that lien was a for a cash out refinance) will not have a seasoning restriction.

So I guess forgetting the "dollar analysis" or "50% rule" to me it looks workable.

Keep in mind that commercial loans don't fall under RESPA, so the rules that apply to "residential" loans don't apply.

Read ALL the hoa documents, Articles of incorporation, bylaws, ccrs, rules and regulations, and state law.There should be a section dealing with termination (of the hoa itself) and how to do it, in the ccrs.

Please comply with the site rules or we will have to suspend your account.

I guess my question is how accurate do you find the 50% expense rule?

If it passes, then run the 50% rule.

That said, please do review our forum rules to learn about the other rules of the site.That said, I'd like to hear more about you and your involvement in real estate.Do share....

As a rule of thumb, water that has sat over 7 days (and is still wet), regardless of source, is treated as category 3.