this is so so helpful @Jason White, @Joe Splitrock, Account ClosedI am really new at the whole RE business, not to mention the fire, and the fact that I am thousand miles away does not help either.I thought that I am at the insurance/ adjuster's mercy, but now I know that i can actually try fighting their decision if needed.

Originally posted by Account Closed:Good evening! 

My accountant said:"Yes we can help you prepare the form.

Companies like Movement Mortgage and Loan Depot can get loans closed in 10 business days if they have all of their documentation at application, but if they're adding DPAP to the equation, it takes at least 30 days; that is if the organization that's doing the DPAP (like DCHPAP or in Virginia, VHDA) has funding dollars left. 

They don't account for headaches, inconveniences and the difference between forecasted and actual returns.

This is very simplified as it doesn't account for paying down your original loan, changes in interest rate, increased rents yada yada but it should serve to get the point across.

. §38-12-103(1) requires you to deliver the deposit (or the accounting of it) to the “last known address of the tenant” who deposited it with you.

I would not exactly call it efficient because  taxes, and a 10 percent early distribution penalty will apply if the account holder is under age 59 1/2. 

The work for the phase must be completed to the satisfaction of the Lender, via the Inspector, who will release funds to your account to pay Contractor.

Usually they will require the buyer to have some cash reserves to account for vacancy.Keep us updated, interesting question.