@Nic BernalI’m not sure why you needed a more formal driveway agreement unless the one documenting the shared driveway was deficient.

And, if this is in your lease, the tenant has violated the lease covenant and you would want to let them know that they have (in most states) five days to cure the deficiency or eviction could occur. 

Unless you have proof of all FOUR notices, the notices are deficient. 

Maybe my budget on some is deficient, but on others it comes in surplus so it all averages out when you start doing a respectable volume.

So you will almost certainly be liable for any defects or deficiencies in the end product regardless of subcontracts and sub-contractors. 

Sometimes it’s the hard money lender sometimes it could be someone elsePlease also note most hard money lenders also can seek a deficiency judgment which is the balance owed on the loan after it is sold at saleIf you are a borrower you can also work out a deed in lieu which is when you give it to them without going through this processWe recently received $200M in these types of defaulted loans to bid on, so we are starting to see and uptick in defaults.Memphis area had over 50 on the list.

I found there was a deficiency in the return air system.

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

We filed for foreclosure and also offered a deed in lieu and would waive a deficiency.

Essentially, I guess they have the right to do that as well because then the previous owner will essentially be made whole automatically (i.e. their debt will be paid in full so there won't be any deficiency issued to them) and maybe the bank just wants the house.Or is it possible that the upset price might be higher because an outside party put in a bid already above what was owed to the bank so they set it at that bid?