The most likely way the bank is going to find out is when you update the insurance policy into your name.

If there's a pattern of regular payment like in a 12-month period, that's good.

I talked with several bankers to determine what would work best for my scenario.How did they estimate covering your motgage with your regular income?

I believe there is a good chance that after all the major updates are completed and the new price is revealed I will lose these people who may have been interested if they knew the new price before hand- closer to 500k.

A regular sale or even a REO could be renegotiated for a significant change like that.

Just wanted to update that our Streamline refi on our FHA mortgage that we turned into a rental 2 years ago went through last week, so 6 weeks total, not too bad considering loan officer said it could take up to 3 months.

Also, since these properties will most likely be condos (making sure that the HOA covers the roof and exterior maintenance), do we need to get some sort of insurance outside of regular 'condominium insurance'?

If I scroll on my dashboard the topics I missed after the second or third update many topics.

You need to assess your exposures on a regular basis.....good luck.

Regular transactions are a bottom of the barrel law practice, so you run into lots of one lawyer office mediocrity.