Premium Title/Altisource told us at first that it could be resolved but would take either a quick action by the attorney who accidentally foreclosed on the $18k second instead of the $72k first or it could take a six month quiet title action. 

Stay strong in your resolve to get them out.

Hi Chris - We’re pleased that we were able to connect and get this situation resolved - please don’t hesitate to reach out if you have any questions or issues in the future.

The eviction was resolved by judgement by agreement where the tenant's agreed to move by the end of the month. 

At the time that would have resolved one issue with BB&T since they only allowed 750k for the loan (and at the time our construction costs were still above 800k) but other things killed the deal with them as I originally mentioned.And I haven't told them I'm prepared to walk away but have told them that we don't have the personal income to pay for the loan payment and insurance and property taxes every year. in their underwriting I'm assuming they only cared about the loan payment.

@Eric DanielsThe BRRRR strategy is not going to resolve your DTI issue since you will still need to refinance out of the HML or private money.  

@Ana Garrido How did this ever resolve?

That is the first number to resolve for.

Wanted to give this thread an update since we’ve finally resolved the issue and landed a new tenant.

"I do encourage you to contact our support line at (800) 345-7334 to get your issue resolved, if you have not done so already." 1.