They can work out that payment situation..... who is paying what/when/how... not my problem The deposit is on the property, not the individual.... its stays with the property- if the "move out person" wants their portion now, they can get it from the "stay person" and the "stay" will get the full amount at move out.

.- KarlHi Karl, see if you can work out a temporary payment plan or partial rent arrangement.

@Kayla M.How did this work out?

The lesson here is that EVERYONE (especially mentors/gurus selling their “expertise”) has investments that do not work out as anticipated, one that actually lose money, and one’s that tie up your capital for long periods of time before you get your capital back.  

I hope things will eventually work out for you and your next deal will be a killer. 

The numbers work out a little different, but roughly similar.

Quote from @Kelby Schimming: Hi BP, I am trying to work out a seller finance deal with my neighbor who is 100 years old.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

There are definitely horror stories, but MOST of them work out well.

Were you bidding on the property knowing that the owners were deceased, or it just happened to work out that way?