You probably don't run many applications, so I wouldn't sweat losing a little money on each one.

On the other hand, you are still financially on the hook for the mortgage AND the people that are attracted to seller financing are more likely to be ones with challenged credit and likely to default. 

CharlesThe sale happened 3.5 years ago, provided it was documented as a sale at that time 

If they are elderly or disabled the court can grant them up to a year to remain in place (they do have to pay use and occupancy during that time).

If one of us qualify for the loan amount and choose to have mortgage under one person, Question:1 How does the other claim ownership on the property?

That means you need to get it under contract for less than that to leave room for your assignment fee.Once you find a deal, make sure your purchase contract includes an inspection period so you have time to find a buyer.

Movement Bank, a sister company to the one I work for (Movement Mortgage) is great as well.

Probably time for me to come down and visit mom anyway ;).

One they took 6 months to do! 

I for sure, for sure, for sure would have an attorney draw up the paperwork the first time and maybe use that as a template for each lender, just changing the names, addresses and amounts, etc.