I've been in your shoes in the past and what seems like the best approach is to accommodate the tenant and keep that rent coming in.

The Seller steps into the shoes of the banker and is directly compensated by the performance of the obligation.

I don't think someone can just step into his shoes after a revocation.

If you are going to buy an existing note (i.e. stepping into the shoes of a prior lender) you'll have to research the property, the borrower, the HML, and the associated documents.

A excellent honest landlord would want to have a check in list and have the tenant present and also on the checkout so everyone is on the same page, and it is best to show the tenant the check in list and go over everything and have it in hand on check out this way the tenant cannot say the landlord over charge on anything, and an excellent landlord doesn't need 30 days to see if there is any damage and most landlords like to hold the deposit, as long as they can because they could be running their business on a shoe string and need the extra money.Joe Gore

Well it depends on how you sold it to them...I would do a vendor vendee transfer meaning your buyer would slip into your shoes and assume the original contract assuming you receive compensation for it...You can hold a note for what you want to sell the property above what you paid Does that cause any problems?

And, do you think stepping into the shoes of a lender will put you into ownership of the collateral to sell it at a profit or lease it out?

I plan on being in your shoes in the near future.

She moved a pair of shoes that had sit in her closet for a month and it had what appeared to be a blue hue to it like bread mold or something.I want to get this handled as quickly as possible but I've seen so many horror stories about "mold experts" that employ pseudoscience to diagnose mold issues and I don't want to get raked over the coals here.Again, any advice is extremely helpful.

Loan assumptions are when the lender allows a new borrower to step into the original borrower's shoes and take over payments on the balance of the original loan.