Most lender's who know what theyre doing are going to require at least the following (just off the top of my head):- tax certification from Title and/or payment of taxes at closing- copy of valid identification and affidavit of any AKAs- affidavit of non-owner occupancy/business purpose use- borrower auth and certifications to release and verify- pledge/collateralization of leases/rents- copy of Title/attorney E&O insurance- if an entity holds title/is the borrower, then: personal guarantee, articles of org/incorp, certificate of existence/good standing, operating agreement, corporate resolution to authorize borrowing if there is more than one member, possibly a UCC1

For items below the threshold, we still aim to communicate the issue and resolution for transparency.✅ Service Visit Consolidation: Sending out techs for every minor issue is inefficient and costly.

Now that you’re on their radar, there’s probably no choice but to comply with the rules, so the sooner you start cooperating the sooner you will be able to come to a resolution.

If you choose to do a partnership agreement, then make sure it outlines the terms of your collaboration, including ownership, profit and loss distribution, responsibilities, dispute resolution, and exit strategies.Creating an LLC offers additional legal protections by shielding personal assets from liabilities associated with the property, and is generally what I recommend for my clients when doing a partnership.

@Marshall DownsFrom your post: "If the seller doesn't have time and for example needs to sell prior to mortgage or tax foreclosure they need a quick resolution which at least in my area is often not afforded by going to the MLS.

Your first response rate went up to 15 minutes, but reduced your time to resolution went from several days to less than 30 min. 

Curious on ideas for resolutions?

Since you're 50/50 owners and there's no binding agreement outlining dispute resolution or buy-sell terms, you have limited options without mutual consent.

We will cover the story in detail, with regular updates, through to resolution. 

I am anxiously awaiting a speedy resolution......Brandy