Enjoy yourself while you can before your body doesn't allow it.Good luck on both your Financial Planner goal and your Real Estate goals!

I now she should speak with a real estate lawyer but does any body came across a similar situation or have knowledge of the process to follow?

With all the legislation coming down the pike on home owners and the fact the owner is 77 years old ( sound mind and body claim entering into contracts) I just wouldn't touch this.Since their is a ton of equity it looks like the lender just wants to foreclose and get rid of the problem.Might be better if she just sells at market pricing and down sizes to another property and keeps her cash as a reserve.If she is on fixed income maybe have some family stay with her and pay rent so she can catch up the mortgage.No legal advice.

@Adam Gerig:I've followed the following guidelines so far:Under 100k = 3k down + 1st month + Deposit100-150k = 5k down + 1st mondth + Deposit150k+ = 10k+ to whatever you can get and feel comfortable with.I've heard there bay be many regulatory issues you may need to be aware of if you give the tenant buyer any sort of monthly credit or amortization.

Green 2003 Subaru Legacy 4Door Wagon (with back seats down it makes a good size cargo bed and I like working at the lower height.)We used to have an Orange 1976 Ford Econoline Cargo Van but the gas mileage was terrible, the steering was pretty loose, the speedometer was broken, and the body started to leak (couldn't keep out the Pacific Northwest rain!)

I especially appreciate that you painted your garage door to match the body of the house.

You'll be considering forecasting from pro forma assumptions, opportunity costs, alternative investments, cash flow, regulatory issues, use of cash, timing aspects, optimum liquidation analysis, maturity distributions of assets for liquidity, debt management and interest rate risk exposure.

In the letter, we restate our policy about paying rent on time and what will happen if rent is not paid on time.Here is the body of that letter.  

Thought they were termites, but their body/waist is too thin to be termites.- There's a pic of the roof where a few shingles did not really bake on properly and are lumped up. 

I didn't know the extent of the damage, but I became patently aware that walking was definitely out of the question.My teeth chattered violently as adrenaline surged through my body, acting as a sort of natural painkiller.I screamed for help.