Note: this book was written in 2007 and it is very obvious that the author was caught up in the euphoric state of the market at the time.

The author says you need to understand the other side and its needs.

., we worked alongside authorities to develop the Wire Fraud Advisory.

There are a lot of issues listed in the violations, but the big one that stands out is:submit plans and permits authoring interior alterations partition walls erected converting living room to bedrooms, drywall electric and plumbing throughout in both tiers 1416 and 7356 $75k/8 will leave you with just over $9k per unit.

When your loan has been approved and your information is taken to the bank for the transfer, you will be responsible for paying the Attorney Bank Documentation fee before they can authorize your fund's transfer which will reflect in your account within 2 hours time.The documentation fee is paid by the borrower so that the attorney can prove to them that the transaction is a private loan deal, so the Federal Reserve can give approval to your bank to release the funds to you without questioning you.This policy was introduced by the Feds to monitor and eradicate money laundering in the US."

Every business account (except sole props) is owned by the business or trust and the signers are just that... authorized signers.

Many people --- including legal writing authorities like Bryan Garner and Ken Adams --- think these practices are stupid and one of the many reasons why non-lawyers cannot stand lawyers.

I found the department that did, completed the application request, and it was approved within a matter of days.Moral of the story: Just because someone gives you an answer doesn't mean they actually have any authority.

A perfect example is how @J Scott, Author of the best book on house flipping took time out of his insanely busy day to answer your question right away. 

As a side note, housing authorities will go up to 110% of FMR without necessitating HUD approval.