I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time.

.: Quote from @Jay Hinrichs:  Selling property bought for $40K to end buyer for $80K is not shocking to me.

I was shocked to see what is going to be a nice high-rise complex about 50% complete in shambles.

@Ivan Cortez, of course she is shocked that you mention eviction!

I've done some preliminary due diligence (as the lender) and feel I have a pretty firm understanding of how it works.

Next they will be in shock if they were to get zero back to worse have a clawback.   

It is defined in terms of actions which would not be acceptable to any fair and honest man, or conduct which is monstrously harsh and shocking to the conscience.

Have read and done some preliminary research on assumable loans, and was wondering if you could help me understand the hurdles that go along with it.  

Finally… do not assume that “Your” real estate agent is working for your best interest… unless… BOTH of the following are satisfied… 1) the agent Signs a “Buyers Agent” contract where it is stated that YOUR interests comes firstAND… 2) the agent / your buyers agent has no affiliation with any other party nor has any financial interest in this transaction other than as stated in the docs… and has no association with any party in the transaction… other than as stated in the disc… you explain up front that any all buying agreements are not binding until after you have AT LEAST a Preliminary Good Faith Estimate/ HUD1/  enhanced financial disclosure… and that ALL parties/ entities and all fees are clearly disclosed.

Easiest way to do so would be to go to the top of this page under AGENTS and then answer the preliminary questions they ask you.