What I was suggesting is that he buy it from the family using his 33% interest as substitute down payment and financing the other 66% with a bank mortgage.

So this is often done in the pending foreclosure case via substitution of plaintiff.

@Maribel Manibo Boat loads of networking will get you there and is better for building long term private capital relationshipsYou can have credibility packets and such but you can't substitute all the heavy documents for genuine relationships built on trust

It is designed for this application (sure Sherwin and other specialty paints have similar products, just the one I used)..So the materials are pretty cheap: some scotch bright sponges (use the abrasive green side to degloss and cut grease with hot TSP--or TSP substitute-- and rinse with clean water)..

I often substitute control for stabilized.

The Brooklyn market is killer and there is no substitute for that.

Josh, not knowing your asset base, have you considered offering the bank a substitution of collateral?  

CIVIL PRACTICE & REMEDIES CODE §16.033(a)(7): Trustee’s Deed filed prior to September 1, 2007: Suit alleging Substitute Trustee’s lack of authority becomes barred 4 years after Trustee’s Sale, prior law.TEX.

Expressed differently, OP's motivation to do this conversation, assuming they aren't being foolish, SHOULD lead to increased cashflow, which SHOULD translate into a value that's far higher than what Jane and John the first time buyers would have paid for the home, pre-conversion (which, due to the principle of substitution [if Jane and John could get this other similar home for $500k, why would they buy yours for $650k?

In this game there is absolutely no substitute for having been there and done that.