Regulatory Guidance Notes can either be in the form of a statement of best practice or a statement of minimum best practice.Occasionally a regulatory authority will feel compelled to issue detailed guidance to regulated businesses on how it expects them to actually discharge their legal and regulatory obligations.

____________________Now I don’t know if you invested in negotiation training but this is called “the what if statement.”I’m being a reluctant buyer there,I’m using the what if statement to feel them out,just throwing out an idea, andI’m using appeal to a higher authority with talking over my business partner, andif they get excited about this, I’m not to get excited that they’re excited,I’m going to go further and say something like…“Oh I see that something that you consider… okay…. tell me exactly why that would be a good fit for you I mean what you like about that?”

You need a seller who has standing, that is, Capacity, Powers, and Authority to pass title.So, someone with either need to become appointed administrator or follow as zip your process that your state IL may have for an informal or summary probate. 

They wouldn't provide me with any info without the original borrower's authorization.

It is my understanding (which is limited mind you) that I would need an authorization to release information form from the seller so that I could obtain a reinstatement quote/letter from the seller's lender.

I will get the details by getting more info from different authorities etc.

And they weld authority like their a king and the other residents won't grow a pair and stand up.The last board I delt with had a guy that would send you a "friendly" letter and a picture of you trash cans if they were on the street for more that 2 hours after the truck went by. 

It's rather pointless trying to lead the blind if you are not a visionary (sorry).Until a property has a principal or someone with standing (capacity, powers and authority) to sell, encumber or oasis marketable title, it's pointless to plan too far ahead. 

Those who are hardest to love are the ones that need it the most"No problem Christopher,Check out some of the blogs I wrote for Bigger Pockets over the year.http://www.biggerpockets.com/renewsblog/author/engelorumora/There is over 50 and I'm sure you will find some good content within of why I do what I do and how I chose real estate as my ideal investment vehicle.Thanks and much succcess.

You have a housing authority that requires annual power washing?