During this time period we also began building custom spec houses as an entry into the higher end market.

PMI would absolutely be included but if it saves the customer 5% on a down payment of a home that is undervalued do to work needed to be done I think that's great.The customer does have 10% of her own funds and I'm not familiar enough with commercial loans to comment but I know you're on top of things so I would trust your judgment.In conclusion my institution has no overlays so when I quote guides it's directly from Fannie, Freddie, FHA, USDA or VA unless it's my portfolio division.

Typically there is pre-printed contracts and addendums used and then an attorney handles the closing with title only doing the title search.Attorneys are used in more complex transactions however that require a bunch of custom language.

Your buying at a discount for taking them all, and you can explain that your deal must consider property management and the assumption of risks of a landlord.

build an excel model to show what your returns are with different assumptions.

The person I deal with is very nice, but she says the underwriters just don't feel timely customer service is in their job description.

Ideally we find a template, and then I can customize it.

A great many assumptions are being made.That said, it does at first blush appear that he may have too many irons in the fire at one time, and since we have all seen this happen.

Other options, seller financing, go as long as you can, installment contracts, VA assumptions may still be around with a seller second and cash down. :)

Even though he was outside smoking when you pulled up and asked the last ten customers about the weather.