Forensic loan auditing is a bad move, in my opinion, because once you call out the legal dogs, the lender is defensive, not cooperative, although the lawyers say otherwise, of course.

I don't think your friend can execute his own deed to remove the partner without the partner's cooperation and without forging the partner's signature.

If they do not get the mortgage to buy, they are up to the mercy of the Seller to evict or extend lease only or redo the lease option.Please do lease option for 1 year, with 2 x 12 month extensions.BTW, this technique of Lease Optioning then Assigning, is called Cooperative Assignment.These "CO OPs" can be done with Land Contracts as well.I like them for "skinny" deals.

Just recently, 2 weeks ago, I learned about the co-operative assignment with lease options.Very easy it seems and the profits are pretty good..not as much as a normal wholesale type deal, but easier to do and can happen more frequently--I don't see 3 of these a month as being impossible to do!!

The seller doesn't want to cooperate.

Find out what is really happening and hope they cooperate with you.

N Carolina Attorney General Roy Cooper issues Cease and desistletter to i3 Solutions (McKinney, Texas) on March 6, 2008.Item 2.

There are pitfalls, tenants do not always cooperate, contractors and managers do not always do their job, and it is never pleasant to argue over who broke a window and who is going to pay for it.

If the fsbo seller were truly serious about selling their property they would be more cooperative. 

Originally posted by @Nathaniel M Cooper:@Joe Papp Exactly.