And don't respond to threads here you don't approve of with suggestions that people place various portions of your anatomy in their mouths.

For example, the counter because bop was x or they approved it because bpo was y and so forth.

A property that I'm thinking of putting an offer has an Addendum that lists:"Buyer acknowledges that this property is subject to Short Sale Lender and Bankruptcy Court Approval.""

Big lenders won't approve the loan, and the only reason they won't loan the money is because they don't want to risk losing that money if they have to take the house back and re-sell it.

Is there anything I can proactively do to help us get approved if my issues will affect our application.

Its not something I would ask for on the application but I would get it after they were approved and before they sign the lease.

I am now 29 have met hundreds of contractors on the north-shore and have people lined up to come in to give me estimates this weekend and early next week.Here is the deal.Property located on the north-shoreMarket Value- $255,00Purchase Price- $190,000Loan Requested - 229,000Renovation - 20,000ARV-319,00(spoke with realtors about comps and value they said anywhere from 319-329 and the house is FHA approved and 2 homes in the same neighborhood sold above sale price at 347k)Currently Rented- 1900 + tenant pays everything!

Impressive.I totally approve of painting boring builder grade oak cabinets all white.

You can make your purchase conditional on getting all the approvals before closing but you would need to figure out the time involved and cost to see if it's worth it if you lose.There is an opportunity cost lost with also money that has to be factored.

its rented above market, i've been renting to people that wouldn't be otherwise be approved provided they put extra security deposit down.