I won't say they don't exist, because I know several that are appropriately licensed and can make these loans, but they tend to specialize in lending to well-qualified borrowers that the banks won't touch.

In 2008 I sold my commercial property formally known as Buffalo Radiator (63est Utica..

Not able to qualify for a mortgageThe list goes on and on.

I currently own 2 single family homes and a duplex as well as one commercial building that I lease to my speciality contracting business.I am mostly a "buy and pray" type investor and an looking into formalizing my real estate investments into a more business like arrangement.I have much to learn but at 63 my long term investing may extend to my progeny

A formal probate would permit an administrator or personal rep to sell the real property asset for the benefit of the estate to generate liquidity, satisfy creditors and cost if administration, and distribute the remaining proceeds to heirs, beneficiaries and/or assignees.

Once we considered a DUI, but ended up having two other very qualified people finish their application first, so it wasn't an issue.

Not an easy thing to prove, and you would likely need a Creditor's attorney to represent you at what is called an "adversarial proceeding".Otherwise, as long as a person qualifies for bankruptcy, they can torpedo your collections efforts as they wish.

So talk to a couple bankers / mortgage brokers and see what they would want to see in order to qualify this property for a loan.Also what type of fix-up / rehab do the units need?

The Short Sale itself could be enough of an incentive for the seller or occupant to complete the transaction as they could get a Relocation incentive from HAFA ( If they qualify ).Whats the Amount owed on the 1st?

Once you are well-qualified, you'll find agents are more willing to spend their time with you.We also look for people who are willing to make reasonable offers on homes.