Attention Renovators...KEEP ALL INVOICES/RECIEPTS

The financing situation right now is interesting because while rates are amazingly low, the underwriters are being terribly picky and issues are coming up that surprise even the most experienced lenders! My deal at 1330 New Hampshire is moving along toward settlement, but the seller, who is also the listing agent, bought the property and renovated it, causing a great jump in its value. This is a "red flag" for the underwriters and they have asked him to dig up his invoices and receipts for the work he's done. I advise anyone reading this to keep a file of all the work you are doing on your house, in case it ever is needed at the 11th hour when you go to sell. This advice is especially important for the investors out there who are buying foreclosed properties and fixing them up.