Realtors sometimes knowingly overprice a property to test the waters, so if you come in at 80% and your appraisal comes back at precisely that amount, then you've basically paid full retail price.Don't worry about insulting Sellers. 

Hi all, I'm trying to gather data for how individual lenders are handling forbearance.

But as @Justin Manley mentioned is the bigger test with many having had to live off savings for a month plus at this point. 

On the north side where I work, I am much more concerned about loan limits and the self sufficiency test (only for 3-4 units)  I think in all my years working exclusively with 2-4 units only once was something triggered by the FHA inspection, and it was a flat roof the seller sealed off access to decades ago and hadn't been up there to even check on it in 20 years. 

Another thing to note is if its a 3 or 4 unit, it must pass the FHA self sufficiency test, which at times, makes it harder to get loan approval.

I'm viewing this is a real good TEST of the strategies we've been using over the last 9 years or so.Hope that helps some!

Hi Jasraj, I completely understand where you are coming from because my Data analytic brain wouldn't budge without some sort of food(read data).

@Tommy AdeoyeTry going to your county clerks office and looking up “lis pendes” in their real estate data base.

Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

I am really trying to "follow the data" as much as I can.