This is simply predatory in nature full stop.I have sold many of my OREO props on low down ZERO percent financing but they were at market prices and the buyers owned them free and clear in 24 to 36 months that works.. but long term contracts on these homes is not a solution for neighborhood revitalization just the opposite.

Offer rental assistance to people facing eviction so they don't become homeless OR simply donate the money to organizations already doing that work.

One time I was doing some deals with a Brain Surgeon and my god, that dude was probably one of the dumbest human beings I've ever done business with.....Wild bro.I concur on this.

If nobody is going to bid that high the lender simply takes the property for the minimum bid.

They have simply labeled a particular mortgage loan as a "doctor loan."

But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

And then again sometimes its simply out of their control.. made a bad buy had some issues you were not aware of like the Guy talking about soil in Texas I learned that one the hard way not sure that's an issue with that property but its stuff like that..

Personally I'm not a fan of syndications simply because there is absolutely 0 say so and what you can and can't do.

Luckily, my brother is a software engineer so he put together a website where new tenants can simply click on "apply."

I simply teach Subto and have done so for 30 years, legally & safely.