Any hope for this deal? What should we do?

[Sean Folkson]

Hey guys,

our landlord stopped paying his mortgage long ago, and the house is now pretty much through the foreclosure process.  I guess courthouse steps are next.

We pay our $4K monthly rent like clockwork, and want to stay in this house if at all possible. Because of my current financial situation, we cannot qualify for a mortgage. Scores are good, but I've got all my money invested in my business, so we'll have a challenge with DTI and also down payment.

Would love to find an investor to come in and buy the house and have us be their tenant, but acquisition cost may be too high to justify the return on cash.

 I'm open to finding a way to get financed as well, but just don't think that's currently possible.  I'm trying to work with the bank to see if they'd let us assume the mortgage.

any thoughts? Ideas?  I know this is a long shot, but it's really important for me and my family, so any help is appreciated.

Thanks!

sean