I don't want to sound like a fool proposing terms that are way off nor do I want to be taken through the cleaners by the owner and pay through the nose.Thanks!

I proposed this to the tenant and he was quite pleased (even at a 15 year amortization, his PITI would still be lower than the 850 rent).

What kind of deal are you proposing?

I have heard of new legislation regarding second mortgages that includes reimbursement from the feds to the lender on a shorted second if they sell the short to the homeowner.

The proposal to place both mortgage giants, which own or back $5.3 trillion in mortgages, into a government-run conservatorship also grew out of deep concern among foreign investors that the companies' debt might not be repaid.

Looking for some feed back on this proposed scenario below.

With the new legislation sending most dpa programs away, I am having to come up with new ways to sell.

Now i just need to figure out how to propose it to him.Do I know you from DS.COM

To get below the a "lowball" offer accepted you should concentrate on writing a proposal when submitting your offer to the listing agent.

I don't know what the final proposal will look like, but it looks like that the final provisions of the bill will have little in the way of direct reward for homeowners who borrowed more than they could afford.