But I just got an interesting application from famous gospel singer.

If it takes 6 months to sell them all (and that would be lucky) the exchange won't work.Also, they are single family's (SFR's) so no retail applications.

I had someone approach me with something similar but the rest of the application wasn't so good.

In the event any property can not be clearly released arising from any title encumbrance the borrower may elect any other parcel of lesser secured value to be released with reasonable notice given and any remainder paid down shall be applied toward principal and credited to any other future release.Other agreements....Bothe lender and maker execute with a notary.And again, I ain't an attorney, see yours, but this is very close to what I have used in the past....I gotta run, if I think of other astuff I'll post it as applicable for ya!

Does applicant #3 receivbe $387 in child support or pay it out?

Any difference in quality with the different application?

The rest of their application looked great. 

Shop around with other lenders, they can tell you what loan programs they have without making an application.

I have a tenant application today who paid the application fee.

The loan application, your tax returns, and statements.