I do not know how widely used this technique is used.

You have to see first if you really want the property at all and then look at all the different angles to see what can be worked out.

The foreclosure angle is interesting but even there the second has a chance to gain from surplus funds at the auction or make their own bid.

I know that there are a lot of homeowners out there who for a wide variety of reasons, would be ready and willing to let a property go for a price at which I as a rehabber could make a good profit if I were to fix it and resell it.

Thats my business philosophy if the spread isnt wide enough why waste your time when you cant even drive to the store without passing hundreds of properties.

I'm with Brian Hoyt, in that I don't judge you for asking questions in order to work though possible angles and why something seems to good to be true.

I still haven't figured out how to mention someone on my macbook using safari :(Our meetings usually have a wide range of investor profiles from newbie to flippers, to buy-and-hold landlords.

Assuming that the roof is fairly standard with no intense angles.

Not trying to talk you out of it, it could be your stepping stone into a very successful investment career, just making sure you go in with eyes wide open.

You cannot hide from them and you would be surprised what can trigger the due on sale clause, being an outright sale like in your case or a transfer to even a single member LLC where the previous owner is the only member or any type of rent to own or land contract or even a standard lease for over 3 years even without an option to purchase or any intent to sell now or in the future.If this is a path you choose to take, go in eyes wide open and make sure the sellers are as well.