I think both of these statements are for-the-most-part incorrect...

During my DD I did obtain the following: - App Forms - Lease Agreements - Rent Rolls (Rent Statement) I have asked for proof that the rent payments have been made.

UPDATE: This took another 20 seconds to find, and was a Press Release from the White House addressing the issue on April 22 (the day after the spill): http://www.whitehouse.gov/the-press-office/statement-press-secretary-presidents-oval-office-meeting-discuss-situation-gulf-mex Wow, imagine if Rush would have spend 30 seconds researching...I guess his fake 98.6% accuracy rating needs to be a lower fake number, huh?

Basically we had to provide:1) A statement that our primary residence was "in husband's name only"2) A letter from me granting my wife access to all joint funds for this purchase3) A letter explaining several deposits into our joint checking account that were NOT my wife's Direct Deposit paycheck were MY deposits4) A form stating what my wife was paying for child care since she is a "working" mom (the answer was zero since I watch our daughter when my wife is at work)5) All the other standard lender stuff like bank statements, pay stubs, etc.I hope this sheds a little light on some of the underwriting requirements when one half of a married unit applies for a mortgage on their own.

The issue was put on the ballot at tax payer expense to make nothing more than a political statement, it is meaningless.

If your debt is reduced or eliminated you normally will receive a year-end statement, Form 1099-C, Cancellation of Debt, from your lender.

Bill, Thanks.What do you mean regarding the statement you made below: "Sub 2, installment contract, seller financing, lease/option, they will open up with objections that will lead you to where they need to be.

You can get a seller pro-forma statement, seller tax returns, and all the seller's invoices/leases, and all you'll come up with is three different NOIs and three different cap rates based on that information.

If you're going to pursue this deal, ask them to provide you with a "HUD-1 settlement statement" that itemizes all the costs.

@Peter,I agree with your evaluation of repair costs so I send an second contractor to this building on Thursday.I got last three years tax statements, rent rolls and profit & lost from his cpa.Best is there is no agent he sells personally.