He and his wife bought a duplex and lived in one side and rented the other when he got out of medical school.

.- You might find temporary medical residents or people in the area for a shorter time a good match.

My grandmother moved into a retirement home type facility a little over a year ago and her house has been sitting empty since while she still pays the mortgage on it.

I'm not sure if Rick is totally up and running yet, but I worked with him on space planning a new facility they are moving into in the next month.He has a couple of partners and has had years of experience in collections.I've never used him before so I can't stamp my name on any endorsement, but he came to mind when I read this post.Let him know Taylor Jennings from Office Works referred you.Richard RainhoFidelis Asset Management, Inc.1427 West 86th Street, Suite 562Indianapolis, IN 46260Office Phone: 716-771-1294Direct Line: 317-682-0555Direct Fax: 317-759-2564Cell Phone: 317-378-0229Toll Free Phone: 888-471-0280 ext 1000Toll Free Fax: 877-504-3190Email: [email protected]: www.FidelisCollections.com

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

The only 100% conventional loan I know of is VA and some loans made to medical doctors.....or to those who can show they don't need a loan.

What causes people to sell and be motivated is what you look for, or what makes them buy.Foreclosures, loss of job or a promotion, bankruptcies, death, people move into nursing homes, have medical issues, get married, have more kids, kids take off to college, retirement, etc.

So, having said that...this one's a bit of a twist, given that it's classified as a Condo, however this space can be utilized as an office facility.

Yes, the vast majority were rejected, or countered too high to make a deal.But, on just a few occasions I was able to purchase a property far below asking price.The best one was an automotive repair facility I wanted.

This would not be offered if the net proceeds from the property on a foreclosed sale would be more than the net present value of the new note. the target will be 31% of gross income.So to begin with you need to determine if the mortgage is more than 31% of gross income then determine if the owner has an acceptable hardship, decrease in income , medical bills etc.need to move would not qualify for modification hardship but would qualify for consideration of a short sale, (same documentation and paper work) .