Have you received an accepted offer at this point?

They make their decision & accept your write off or you pay.

I have an accepted offer on a luxury cabin in the sierras.  

@Michael LynchI don't know of any 'large' bank that would accept a 3rd position. 

That is why PreREO requires the defaulted note buyer/partner to file for a court hearing requesting a third party independent receiver to be given court approval to accept rent on behalf of the actual owner of record and divert the funds to you, the note buyer prior to taking title via a completed foreclosure.

There can also be a lot of bad advice, so be sure you know your local laws before blindly accepting this type of advice.After 30 years of being in this industry, a lot has happened. 

., please accept some thoughts from Jeffrey B.Welcome to the craziness that is real estate investing!

The pay stubs can be hard copies or digital PDFs generated directly by your employer and sent via email; we cannot accept screen captures to verify income.Once your completed application materials have been received and it appears that you would meet our qualifying criteria, we would send you a link to perform a credit/criminal background check (this minor expense would be yours), and if those results come back acceptable, we would offer to proceed.

I screen individual dogs (of any breed) with an in-person evaluation before accepting their owners as my tenants.  

My offer just got accepted for an REO property and needs some rehab before we can close the loan and ready for rent.I got call from a lender LOANGUYS to do a bridge loan.