If you own RE chances are you have insurance, that in itself provides the deep pockets to go after you if you messed up. :)

@Shawn Thom,Title insurance is the best policy and city of Dallas do mess up, and they will not release the lien until ever red cent is paid.

I'd suggest your very large law firm of wannabe regulator crooks due a little due diligence themselves in areas of conspiracy for financial gains against an insured lending institution.Now, if an applicant off the street gets turned down and seeks their aid, then more power to them.

There is snow on the ground and it is cold there.My insurance policy is set to expire.

I'm not sure where difference is coming from but I'm assuming insurance and taxes.

Has errors and omissions insurance.

Yes 5% down is only owner occupants as of 11/16/13.For Non owner the min is 10% down but that only applies to SFR not 2-4 units.The mortgage insurance policy through Homepath can be very expensive especially for non owner with 10% down around 3-4 points cost either in cash or about .5% more in rate (estimated or a combination thereof).

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

Instead of forcing eviction due to the dog or not renewing lease when it ends in 3 months, I'm considering offering the tenant the option to purchase a canine liability insurance policy.

I have a quick question as to how to allocate my umbrella insurance premium to my REI expenses.