I've read all I've found on the subject, but I'm not seeing a clear explanation of the process.

It was your "by law here" comment that prompted this explanation, the definitions for single family are from HUD, applies to the whole country.

I can't see the bank coming after you if you walk, with an explanation letter.They may then renovate.Any other reasons you want to back out?

Then I would use short term lenders such as HML or other avenues and just borrow when needed and pay the higher price.I think you will see that over the long haul the money that is working for you 24/7 produces great results and you pay for the higher rate loans from profits on a deal.I hope my explanation was understandable and clear.

You handled it well, but next time I'd ask the broker for a more thorough explanation of the property.

But I also see those pulls, that have occurred and my Underwriter will want an explanation for each one!

I asked specifically if they were a portfolio lender but what I got was an explanation on the difference between the 2nd-dary market and a commercial loan.

Here’s an article that provides one explanation of why.

Here is house number 4's number and an explanation on why it works for us.  

I'm trying to understand whether we are able to obtain rehab funding for a Fannie Mae offer that was accepted. There is a Deed Restriction of 3 Months (the 90-Day Rule) that limits the Sales Price for 3 Months to not ...