Thats true with most banks at that time.

Whole-heartedly agreed - Kilz is your best friend.....if it is true hard wood - you do have a choice though.....Start by ripping out the carpet - in a lot of cases - the pad is what is holding a good chunk of the smell....pull the pad & tack strips out - if they are stained....once that's out for a day or so - then you can re-evaluate.....if you're gonna re-carpet - try with the Kilz before replacing the sub floor....you MAY be ok....also - they have a water based Kilz - easier to use than the oil based....JMHO....Thanks - Ken

How does one get around the fact that most states are beginning to pass “good funds” laws that make it illegal for title companys to do a true double closing?

It was inexpensive carpet, but it is all documented, and he lost his deposit, plus is in the process of getting a judgment against him for the balance.A TRUE professional carpet cleaner MAY be able to salvage it for you, depends on the basic quality and age of the carpet.

They want you to have "skin in the game" and then finance construction up to 80% of the arv for construction costs.

You should figure out what the property is worth true market value, what you could actually back from the property.

Something else to realize is that the value they give the home may be different than true value.

Then quickly as soon as I can transfer the deed sell the property at an amount less than market value in order to attempt to have a quick sale.I realize that the properties still need to be researched and a true market value determined.

This is true whether the property is held in an entity like an LLC or not.

If you catch them late in the game then you gotta hope you can slam stuff together to get the sale postponed.I suggest mailing to Pre-NOD prospects.