In order to get the cooperation from the owner you will very likely be asked to make an offer-do so subject to financials and inspection you can always adjust the numbers depending on what you discover.

I am participating in Landlord Cooperations Program in Philadelphia provided by PGW- gas company.

You do need the cooperation of the owner of the property and the willingness of the note holder.

The don't want the tenant to leave, so not cooperating with you might prevent a vacancy for them.

@Justin Cooper It's do-able but definitely wouldn't be easy.

All the houses are tenanted at present and the tenants have been very cooperative in allowing showings of the property so i assume they will not make it easy once the foreclosure goes through to get these things sold.

I'm worried the tenants will not be cooperative & I'll need to get this assigned asap.Thank you all!

@Demetrius Cooper Best advice for such a short time frame, I'd open a checking account that provides a high yield.

However the buyer broker form will usually have language that says something to the effect that the fee can be offset from a cooperation fee offered by the seller.

In your case, you should be able to because I am sure you dont have a separate bill under a partnership name or partnership is not earning interest in its own bank account and so forth.But your argument loses some strength where it is clear that the investors have jointly negotiated the terms of the transactions and would be unable to separately use their interests in the property without significant cooperation and joint efforts among the co-owners.