I would be willing to give you $xxx to surrender the property and we will agree not to pursue any further obligations under the note as a deficiency and you can take the $xxx and get back on your feet.”I think the key with her or borrowers like her, as with any potential slack given to folks who live in a constant state of chaos and distress, is set specific dates, times and actions.

The actual rule of thumb is you pay yourself the market rate for what you do $XXX/yr and the left over may be taken as a Dividend which doesn't get hit with 12% (both sides) FICA.

I would literally call the lender and say.....homeowners is looking to sell, we will buy for $XXX amount, what can you do? 

Had similar sit in January.Created Addendum to add name to list of residentsReference original Lease Signed by xxx Dated yyyCreated clause to addendum:Regardless of which adult moves out FIRST, the deposit will be held until the last adult terminates the lease and demises his/her residency.

Call Bill - agent 443-xxx-xxxGive CMA and comps as you need themLook at properties first - give you their opinion of valueMeet with you as often as necessary to discuss potential transactionsTell you why or why not you should make offers on buildingsMake a mailing on selected neighborhoodsInform you of property auctions and give you value opinion Advertise your needs on Internet sitesUse Power Prospecting to find cash flow or equity profit transactionsAs a broker and auctioneer and investors for over 40 years - I understand the culture, the mind set and motivation of agents.They usually will only offer you properties that are listed - They don't understand Fidusiary Buyer's Brokering and getting paid by you the buyer (You will make more money faster with unlisted deals)They don't have or like to spend their money to satisfy your needsThey want to make a sale as quickly as possible regardless if you benefitMost don't understand the many creative formulas necessary to develop a profit for youMost don't know how to negotiate seller financing or the many clauses used in contract engineering Disclosure - agents are good people who don't get respect from their customers; sellers and buyers are always looking for ways to cut the agent out of their feeYou need to know that finding the agent I have described is not going to be easy - you will be misunderstood and dismissed - expect that - but don't give up.You should ......Have a well written agreement of representation - to pay them a fee on properties they help you buy - control or assign. 

Perhaps you could approach the seller with the following: "Well seller, I know you are asking $XXX for the property, but based upon the following repairs needed, local market, lack of appreciation in the coming years, etc... my offer is fair..." then let them think about it. they could always end the conversation the same way saying "No Thanks", but they could always throw out a different number to keep the negotiation going.I hope this helps,Jason

XXX number of people needing to rent.

These can often be purchased by a sealed bid accepted by the "delinquent tax board" which will authorize the sale for a lower amount than the "starting bid" after it has been advertised that a bid has been recieved for XXX number of days in the legal section of the local paper.

Just shoot the agent an email saying something like "After running some basic numbers, based on [enter a couple reasons here] I'm looking at around $XXX for the property.

Names of kids and birth-dates go on lease also,, so John Smith, Minor child  x/xx/xxxx   and they are considered occupant no matter what age.