They even deny it when specifically confronted with the stipulations from their policies.

@James Wise I was afraid of that...Any idea what the stipulations are for that requirement.

It does not give any stipulations that allow you an out.

Throughout the project, we kept asking for numerous things, including receipts, and lien waivers, all per contract stipulations. 

Right now to get considered in our area, you can stipulate a shorter inspection period. 3% or more down. 20K seems to be so low the buyers is not strong. 5-10% is fairly common here. 

Explain to the tenant after you take ownership that you will not be renewing their lease because your loan stipulates you have to owner occupy.

If you will be using hard money then most HMLs I have dealt with over the years require the property to be purchased in a LLC.If you will be purchasing cash, just keep it in your personal name if that is going to be a stipulation of your refinance.

**Broker commission is paid on the net sales price (sales price minus seller paid closing costs)**This was from the stipulation doc they sent over. 

Return the deposit and haven them sign a Release stating Stipulation of Dismissal.Going forward, don't ever "hold a property" or take it off the market without a signed Lease.

We are wanting for him to either 1) assume our loan (which I haven't been able to reach the mortgage company yet to find out the stipulations for that), or 2) do a Contract for Deed with him.