How much vacancy is reasonable?   Warehouse space and community growth…..

A lender representative called yesterday. I’m assuming this was likely a review of a property with a delinquent loan. The difference is the size of the property and questions. I won’t identify the property, but it consisted partly of warehouse space and seemed to have an unusually low cap rate and unusually high vacancy. After […]

Borrower-Initiated Termination of Conventional Mortgage Insurance Based on Market Value or LTV

Median Price in Nassau County from 2009 to 20011 (source: 2015 FloridaRealtors.org)

This post really covers one particular circumstance. If your home or multi-family property increases beyond a set loan to value, you may be able to request removal of the insurance. This is a truly significant cost and, in a period of increasing […]