, I wasn't calling your question obnoxious (it's a very common question here)..."

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

Agreed, and all that I have been associated with the value was alway higher the the mortgage owing, but did have one with other liens, taxes and judgments, which were cramed as to the lien but remained due from the owner, an unusaul situation.Cram downs were rather common in bankruptcy years ago, where a lender may have to accept less, but ED is not a bankruptcy.

This is more commonly observed in higher crime areas.

Knowing what is going to be the next, big thing in real estate is important so we are able to provide financing for real estate investors who are active in those specific niches.With government-backed financing available in plenty for multi-family, assisted living, to name a few, these property types have been extremely popular among real estate investors in recent years.

Their coverage will be for common areas on the project, not your unit.IMO, between these three types of coverage, for one property you could be sufficiently covered.

I've got a friend who said that an indian casino is going to be built next door to his small neigborhood (50-60 homes in neighborhood) -- the casino property will be directly adjacent to the neighborhood (as-in sharing a common boundary line).

It seems that extended closings, are common in Florida.I don't remember the exact wording that the specialist used, concerning the contract.If you want, I can provide you with that persons name and phone number.Raymond

Big movements all over the place with people jumping into the "hot sector" with our want it now society.Before the dot com boom of the late 90's / early 2000's a 150-200 point swing in the dow wasn't a common occurrence.

One year is common but I had a loan that was subsidized and therefore lasted the full term of the loan.Good luck!