They should be able to advise you if the limits are reasonable and ordinary.On the issue of term, you should be able to negotiate an immediate termination provision for cause.

In my experience i have had several banks try to lower this in negotiation.

I am not looking to make any money off the transaction, just want to lockup the property.I think it will take 14 days just to lockup the property due to negotiations and paperwork.Thank you in advance for the advice.

After explaining about 20 times that if the mortgage amount is higher than the value of the property, that they would have to negotiate a short sale, you would think they would begin to get that.

Engineer for future negotiation opportunities.Deal needs to cash flow.Use "purchase money notes"Consider breaking up into two carry back notes, in case they want to sell or liquidate for cash prior to full term.

My 1st question is: In negotiating from the bank, what is the best offer structure so that you get them interested and find success?

Does that make it so you just get an assignment fee which do you decide that or is it usually around $2000 and negotiable.

We could negotiate an extension on terms that both parties could agree upon.

Keep that in mind as you negotiate.

I was assuming at least 9% interest on any loan.My Second "big" one is owners are asking $420K (which is VERY negotiable) we need to get them to $400K to make it work.