It's a called a "waiver of deficiency" letter and do not close without it.Do not believe anything the bank says unless it is in writing.You also have to know which department you are talking to.You can get conflicting information depending on if you are talking to customer service,collections,loss mitigation,the short sale department,bankruptcy department,and the foreclosure department.In big banks these are all separate but in some local to regional banks one person might be handling multiple departments.They will all look at it differently with various goals in mind for the the loan file.

Testing, testing.

That can be a challenge if you don't know people in the area or the people you know haven't hired any contractors.Get multiple bids on the work.

There are people that I know of who are flipping 60-80 homes per month between multiple markets.

The property is strip retail that has multiple tenants which I think would be lower risks than single-tenant property.

In the past few years we had multiple problems with pipe leaks, which the landlord attempted to fix without much success.

This has worked out for me in multiple ways.1.

While it may be true the risk is infrequent, the cover amount is often in multiples of $1m, so they obviously consider the risk large.

Hi again,IMAGE TESTING USING FLCKRI know that image uploader is in progress, but @Karen M asked before and was told to use flickr and so I tried itand created a "Set" called Remodel Project for my 3 photosAdding my own image tags before and after since I don't see the ICONS in the "enter your reply" dialogP1040402 bathroom vanity and tub shower by pceinc88, on FlickrHope it works, Rich C

I will never know if the second contractor was type 1 or type 2 but regardless, it reinforces the need to ALWAYS get multiple bids.