Also, ensure you have a policy for what happens when a tenant exhausts their entire deposit.

If you have exhausted all lenders within your area (don’t forget credit unions).

If all options are exhausted reach out to your local broker and have them refer you to lender.

We started receiving Intent to foreclose notices along with letter stating she cannot assume mortgage, so seems like we've exhausted all options here besides reinstating loan.Here is what I've been thinking of, and would love to get your feedback:Property Details and Important Details:2 Family, 1 unit rented for $1500 (under market by $500), Mother is in other unit - Both units can rent for $1900-$2100/mo easily.

Problem is replacement over $2k and then need updated electrical circuit and replumb exhaust, plus back order long out there. 

We also put so much effort into moving in and making it a home and at this pointe we’re exhausted at the prospect of moving again.

After you've exhausted those resources, you should talk to a non-bank direct lender.

I would exhaust these resources before paying someone for what is otherwise free. 

That's what I found in a few of the deals I've done and it has transformed the way I do business all starting with a situation of having exhausted my resources but having another deal in the pipeline.

Exhausting other creative alternatives first is preferred.