Last question on this, besides RE taxes, any other common expenses this applies to?

The good news is, you have less debt now. quite common during the GFC Anthony hundreds of thousand   helocs got frozen.. the issue is NO ONE reads the fine print in the 20 page mortgage or deed to secure debt whatever your using. 

The more people you talk to the more you will learn how to speak with people and recognize common objections and how to handle them. 

Michael, It clearly sounds like the repair work is more extensive than what the seller is reporting (very common).

This post is just a simple reminder that most will consider common sense or common knowledge.

No hot water, stove not working, no heat, broken windows, door locks not working, loose railing, no lighting in common areas, garbage not in dumpster, no smoke/co2 detectors, etc. anyway that has been our experience. 

Common sense and common math is the name of this game

It's two floors with the bedrooms upstairs and common areas downstairs (ie. kitchen, powder room, living room,etc..).

From what I’ve researched, blanket loans are fairly common, but I don’t know if the fact that one of the properties being refinanced instead of purchased makes a difference.

This is a common scenario where buyers ultimately are not approved for their mortgage. 2) Home Inspection Issues 3) Home Doesn't Appraise 4) Buyer Can't Sell His or Her Home 5) Liens or Title Issues. etc ...All lenders are VOE before closing, the new mortgage scenario we all must accommodate as of today as a lender I know this was not the norm 4 weeks ago, but now I do.