I have been on this platform since college.

From there, I try to figure out why this house isn't selling, and if I'm still interested I'll make an offer at a price that works at my numbers.Other than that, yes I think it is a great idea to dig deeper into more creative methods of finding deals - wholesalers, direct mail, door knocking, networking, etc.

It looks like a standardize purchase contract.what are some of your experiences with this?

Is this a one time deal for you?  

Hire a loan servicer - plenty of discussion and recommendation on BP on this topic and some recommendations for servicing companies 

This is a super important question and it doesn't just apply to lenders.

This is a free reporting that most entities will need to file but there has been a TON of back and forth of if it should be allowed. 

So, this cost a bit more in closing costs BUT your are out 34,750 plus closing costs instead of putting down 25% of the 340k which 85k plus closing costs. 

Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

Of course this all depends on YOU setting the base rate and all the knobs and triggers most appropriately.