@Charles Heyligen  Depending on credit quality, debt service coverage, global debt service coverage, net worth, size of loan you can get 25 year pretty easily and maybe even 30 year if it falls into agency debt ( Fannie Mae/Freddie Mac). 

The advice you already received to engage an attorney is something you should follow.Writing checks on a closed account is a criminal offense - see if the county will prosecute this tenant.What sort of screening process did you use on this tenant before you let this tenant move in?

maybe you should; most serious investors nowadays are global and look everywhere in the world where it makes sense; and interest rates / cost of money is a major determinant for them.

But it is even more offensive that you're asking them to take a pay cut on a $95k sale.

To give a more complete representation of Reality, you can also address the question at the level of the local real estate market, global economic trends, your personal financial situation, and the emotional impact that buying the property is likely to have on your spouse.

., as you probably know the national media covers real estate at a global level.

Something to consider given global warming and all that... 

I think through end of this year limits are Canada and Northern US, but will be interesting to see how that one pans out globally.

No offense to @Nick Vehr here at all but a professional property manager has the correct wording in their application legal disclaimer, the reservation deposit agreement and their lease so that a tenant who fails to move in wold absolutely forfeit any monies paid.

They already have their plan in motion... and it doesn't include you (no offense).