There is no compelling reason for a seller go give up equity right now, even job losses and missed morgage payments will most likly be counter measured by the government.

Hi Svetlana,There are rules governing the methods used to determine what is called in Appraiser land FMV - Fair Market Value.Appraisers have to follow the procedures in their manual USPAP (Uniform Standards of Professional Appraisal Practices) normally this leads to FMV being determined on appraisals of property sold in the past 6 months.

Economic Policy Institute projects Las Vegas will be the #1 hardest hit by this crisis.

IMO this is what fed government should be doing...................little scared creating this topic.I would think that government economists in conjunction with cdc would have already run these numbers & passed them to congress & the senate to use some logic on the stimulus package.

The govt requires them to allow tenants extensions to make rent payments - their non regulated lenders don’t have to oblige. only conventional loans under government guidelines are required to allow borrowers their own extensionsThis will certainly get interesting

 I'm in escrow on multi-unit property in Utah and title wants an exception on their title policy for correct property lines because they property lines overlap and they don't know what they should be. 

I'm in escrow on multi-unit property in Utah and title wants an exception on their title policy for correct property lines because they property lines overlap and they don't know what they should be.

It sounds like you don't have a plan in place or a policy in writing, so you should probably just refund their deposit and try to find a replacement tenant as quickly as possible.In the future, you may want to consider a termination clause.

You pay 7% to sell (commissions, closing costs, repairs)...down to $335,000If you're using HML...I'm guessing you're paying 1-2% in points, lender's title policy, prepaid interest other fees, plus standard closing costs.

RI Housing has its own guidelines on the house qualifying besides that of the government insured requirements.