After four years at a pretty highly regarded academic institution, I can confidently say that the most valuable asset I'm walking away with are the friendships I've cultivated over the past four years.

I moved back to my home state (Massachusetts) in 2008 and have been in Corporate America since.

That, however, is when the institution is offering us the loan.

Lots of institutions bid at the last minute.This video I did in 2011 explains what I'm talking about. 2011 video explanation of my auction and bid analysis.I don't have a lot of posts on my Biggerpockets blog, so you can read through all of them fairly quickly.

I know from experience because I just relocated and had to make new contacts because many of these smaller institutions do not loan outside of the few counties they service.

My name is Michael Barlow, from Franklin, Massachusetts.

If the mortgage holder (which I assume is a private individual, not an institutional lender) only wants you to pay off the face value of the note, why would you want to pay the appraised value of $250K?

Look forward to meeting you at a reia meeting or you can always come visit me and my staff at our office in Bourne MA.

That is about it.You may need to upgrade from a general insurance salesperson to one who is a little more experienced with more commercial and institutional type policies and clients.

What I don't get is how institutions dealing with numbers - the seemingly most logical of all things - so often can and do get it wrong.