Thank you for reading and considering, take care. please note** this post only requests information regarding rentals in a specific geographic locations and not a deal*** 

Here's my quick and dirty explanation though:Land Contract or Seller Financing: The seller acts as the bank and holds a note on the property (Memorandum of Land Contract) which the buyer pays back over time.Subject To or "Subject to the existing mortgage" : Now the seller relinquishes the property to the buyer (using a Quitclaim rather than traditional title closing) while leaving the mortgage in their name.

The OP owes no explanation to this guy whatsoever he’s late with his rent.

@Elliott Hughes Zoran did a good explanation.

I'd also start thinking about where in Colorado Springs you'd like to look- geographically, it's a large city, so identifying what's most important (house size v. being downtown v. being on the westside v. a new house v. school district) are all considerations that will put you different places in the city. 

Hi Wendy Thank you for your explanation.

Are there any geographical areas or strategies that anyone would suggest? 

Is there any explanation that anybody would know of?

If the rental demand is affected, which they should research frequently, they can adjust this policy and send out a notification to their clients with an explanation.

@Craig Gray you asked for an in-depth explanation...