I work in the Home Performance industry as a contractor, we upgrade homes utilizing building science and focus on health, safety, building durability, energy efficiency and comfort.

For their safety you could put a time commitment on it.

The DPA program will fund the 35% to my account to show DP satisfaction to the bank however the seller will essentially give the DP back.It may work if the seller is willing to accept a lower offer for the home.

The term is up to you; however, they bank may not go for it.Typically the better situation is over the course of them renting they pay a bit extra into essentially a down payment fund for when they finally purchase from you.The rate and term is up to you; however, it cannot be zero.

This seems contradictory since I am essentially trying to do the same thing as a would-be purchaser, that is, buying a renovated property and financing it with a mortgage (the only difference being that I already own it outright) This new loan officer said the reason the seasoning period is different is because lenders are afraid that someone in my shoes could potentially walk away from the house once 80% of the cash was taken out of it, and the would-be purchaser has more of an incentive to actually keep the property.

I cant tell you how many times I have essentially given away money I rightfully deserved for my hard work and expertise, out of my desire to be "fair" and to use the gifts Ive been given to help others.

:)Sorry, J, I think I misunderstood the question.We use a variety of different charities, but essentially the charity is acting as a wholesaler in the deal.

Ideally, one would look at the estimated cost for essential repairs such as demo, drywall, paint, floor prep, electrical and plumbing, etc., and then choose cabinets, countertops, and flooring based on what remains in the budget.

If the new guy is paying the mortgage (which I really doubt), the old owner is paying for the mortgage debt anyway and he made a bad deal.The QCD event is inferior to the mortgage, so it essentially didn't happen.

., a couple of clarifications;The asking price on a short sale property essentially means nothing, unless the agent actually did a proper job and priced it in accordance with the comp.s"Property forecloses for $282k--next day it is on market..."