And most people don't even know it, even though it is publicized pretty frequently.

You could also contact Ryan Martin at First American title as he puts the list together frequently.

You can also use a wet/dry vacuum (make sure it's setup for wet which usually means switching an interior filter).

event=property.getFile&theFile=lender\1068\VAWebsiteDocuments\flyer\vavendeeflyer20110114095535850.pdf&fileFolder=file_library&fileType=pdfThe United States Department of Veterans Affairs has contracted with Bank of America Loan Servicing for ALL foreclosed VA homes nationwide.We make our offers through local real estate agents.Here's another govt. link to frequently asked questions:http://www.benefits.va.gov/homeloans/faqmisc.aspChris, good luck in beginning your real estate adventure, and I believe you made a wise decision to include BiggerPockets in your online readings.Bob

So more and more frequently, the borrower's ability to pay is critical.

In that sense, Bill is correct, they are essentially prepaid interest.However, depending on the structure of the deal, they are frequently origination fees that don't go to the lender.

from the lender prior to contractingItem 2 would seem prudent if this is happening frequently in your market.

., with possibly more frequent turnover.

Their "policy" of 'no-decisions = no-mistakes' / 'all our employees are incompetent' frequently creates a maddening process from a single buyer's perspective.stephen--------------

I guess I had my maple leaf hat onOn residential mortgages up here, you are allowed to select your payment frequency (Monthly, semi-monthly, bi-weekly, weekly) at the time the loan is drawn - but may not be allowed to change it afterwards.The payment order is the same: accrued interest, then principal, but with more frequent reductions in principal, there will be less interest paid overall.Since there is no tax deduction for mortgage interest incurred on an owner occupied residence in Canada, there has traditionally been a great incentive to increase payment frequency and pay down more quickly.