The tenant requested an extension to find a new place, so I granted a 15-day extension with a new end date of July 15th.

Granted, you should have enough contingencies to cover all your bases.Why try to find a loan for emd?

Granted I was signed up for multiple websites, but still that is a lot of money.

Check your deed to see if any easement was ever granted for the neighbor’s well.

Similarly, make sure all of these transaction participants maintain adequate insurance and list you, the property owner and any intermediary as additional insured.If you rely on an intermediary relationship (most commonly a General Contractor or Property Manager), understand the authority granted in any agreement you execute to act on your behalf.Review the indemnification provisions in any service agreement ensuring the standard of care will not preclude insurance coverage and the provision is equitable.To recap, it’s not necessary to form a land trust, separate management LLC’s or form entities in specific states believing you will hide in the cloaks of secrecy.

Such order may be granted with or without notice in the discretion of the court.

They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

Maybe I can look into grants or other down payment assistance programs.

This is accomplished by transferring the property into a land trust and having your attorney sign as a "nominee trustee" before having the role of trustee granted to you after the signing.

Coos Bay is working on a mega grant..it could actually happen this time: If the project goes forward, port leadership and other proponents believe it could be a real gamechanger for our region.