Once we receive the report, we can submit a list of Qualifying Deficiencies.

Still, it doesn’t go unnoticed on a credit report.One key protection to note: once the bankruptcy is settled and the personal debt is discharged, the lender cannot pursue a deficiency judgment.

If your lender is registered with FNMA, they can submit the condo project for approval if the deficiencies are corrected (the HOA makes the needed changes to its master policy in this case).

My niece has immune deficiency and can't be compromised."

They are surprised to learn that their contract is woefully deficient and in fact, may not be enforceable unless certain provisions are added.

.: I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.

I worked for a syndicator in the 80s who got absolutly hammered in dallas tx when a brand new property opened literally across the street from his 20 year old units and offered move in specials etc.. they lost that property to the bank and got sued for millions ( deficiancy)

They are not deficient in a single thing, not a 1.

Since we have completed over 50,000 studies we can tell you with almost certainty that all low budget CS studies are severely deficient and once a CS firm gets a bad name it will become a lightning rod for the IRS

Again 95% leverage yields greater risk in general but to present this point another way, I would sleep better signing my name on a $7M loan collateralized against a $10M multi-family property with great occupancy history and good reserves  in a A/B location than a $95K loan on a C/D  property because I am more likely to be called upon to cover a deficiency with the $100K property.