That number is the amount you should reserve each year.source: http://www.hoaleader.com/public/320.cfmIn your HOA documents (at least in CA) there is a ratio already calculated and disclosed along with the date it was calculated.Hope this helps.

I just received the appraisal and the documents from the bank for my 20 year commercial loan.

You should have clearly documented policies on how you process and evaluate each application you receive.

The big catch for many buyers is that you must "owner occupy" property with FHA financing at least initially.You will be required to sign a document at settlement saying that you will occupy the property as your primary residence for at least 1 year.

Most of them have contractors that they have worked with on your type of project.Getting multiple bids is always a good thing to do, but IMHO that will not always get you the best project for your money, unless you have a well defined scope of work and a compete set of construction documents which is a must for a successful project.

. :) I was told that appraisers have access to MLS.So are there any appraisers out here on BP that feel it is beneficial being an appraiser vs a realtor?

That document is essentially the order of eviction.

The OP is asking which is more beneficial, to use leverage before the purchase or after the purchase.

Foreclosure options are based on what is in the mortgage documents and when it was originated.

My grandmother sold my parents a home and in the documents it said if they ever sale the home her and her husband are to receive an extra 5k total.