Sometimes you claimed a lot of repairs on your 2014 return but not your 2015 return so showing a 2015 return will allow your loan approval to be shown in the best light to an underwriter.Since its now 10.25.16 and we're 10 days past the corporate return filing period of extensions I would assume you have your 2015 returns.If the income is good you can use that income, if not there are ways to document the use of the other income method of 75% of gross - PITIA if you did substantial repairs to your properties upon purchase or if the tax returns were not an accurate depiction of actual income, whichever method is best from a qualification stand point.

What's going to happen to him from a bank action stand point?

I live in the maize district (sw corner of maize and 29th st.) and we love it.

@Wesley Wong  Do you think you could stand to live in a less desirable area for 366 days?

I am a Zimbabwean Architect interested in learning all I can about real estate from all of you so that I begin to invest in my home country, of course real estate in Zimbabwe is very different compared to USA or Canada but still the two days I have been active on this platform I`ve picked up one or two valuable points that I can apply here.

(although don't ask a structural engineer that they will tell you they have no idea how the house even even standing!) 

You do it because it's the right thing to do, the family needs a stand-up guy and you were the best choice. 

Welllllllll I can't stand this new best and highest thing they've been doing so what was said back to the realtor was something to the tune of "ok fine, $17,500, best and highest".  

Hope you're not standing on top of the rock looking around. 

What does that stand for?