If the Borrower gets paid, the Mortgagee is very, very, very rarely if not at all, going to approve any type of short payoff.

But, this is another reason I require inspections up front (other than buyer can just walk away for no reason after S approval).

Given that is the case offer what ever you feel the home is worth to you and let them go to work negotiating with the bank to get it approved.

Also the one that got approved, can't move and therefor doesnt want to start a lease until early June.

Most of the remaining bargains need a lot of rehab and are not approved for a straight Homepath loan, you need a Homepath Renovation loan.

HI Nikolay, I have an article on what self employed individuals can do to make sure they are prepared to obtain financing in the coming year but I suppose it may be too late if you've already filed 2013 returns.There are still ways to structure your transaction to get you approved.

I thought they were dead after the real estate meltdown. we'll see if they approve me for the loan.

The appraiser decided the day before closing to deny approval of the loan because there was flaking paint on the exterior of the house.

But then I got cancer and my husband developed congestive heart failure [we are old parents] Finally he applied for ssdi [on his late fathers earning records] He has been approved and receives backpay soon.

@Francois D. when I started investing I had the same opinion, but then my banker explained to me that with 30 year loans my DTI is lower and I can get approved for more in the future.