They want you to have skin in the game.The bank's term sheet or commitment letter will state that they will lend you the lessor of XX% of the appraised value or purchase price.

you can tell from my picture that I do not resemble the main stream  shape or skin color . 

Second, you would effectively have no skin in the game.

I thought that was fair - he is also going to look into getting a line of credit to throw a little cash into the deal or keep it as a reserve so he has some skin in the game.  

On Sunday night late at night after being overwhelmed and irritated with the roofing situation and the fact that I had a house with no roof, nobody to complete the job I decided to sign the amend extend / new offer and be done with it.

It worked out well for him, because he basically got a "turn key" house that he could "test drive" for a year before actually buying without much skin in the game on his end...

We do pay Elite on the back end, but they have ALL of the skin in the game.As the owner, my role is to recruit agents, train them, provide structure and accountability, identify the obstacles that slow them down, demolish those obstacles and then to get the heck out of the way.I absolutely love this business and love even more helping agents to make an unreasonably high income.  

Smaller banks and commercial lenders may allow an assumption but rarely as they would rather make a new loan and an assumption may not have any new buyer's skin in the game, not a good lending practice.

I can see both sides, but I'd like to hear from people who have tested this (preferably someone in Frederick County, or Maryland in general but all are welcome).Directly stating the sellers situation may irritate them or produce the question "How did you get this information?"

Whether they want out, whether they are willing to still have skin in the game (i.e. do they still have confidence in the property to make money...sometimes tells you a lot about the property itself), and sometimes it tells you just how low they are willing to go on price to just get out.