Lenders and servicers do sort of know how to play the game.

(A house in a 200k neighborhood should not be compared to a house in a 900k neighborhood down the street)Look for properties with similar features such as size, year built, what sort of features such as pool and features such as waterview, etc.

Right now it says "seek motivated sellers, not properties" and a 2nd one that has an inspirational quote about do what you do and let everyone else f*^@ off, lol.

I have another property I am looking at right now and the seller is motivated since he has destructive tenants, but other than that is seems a bit slow probably because of the holidays.

quick guess here, but that's probably some sort of breach or default and he could theoretically foreclose for that...some big mortgage companies will purchase insurance at the buyer's expense..not sure how that would work on a seller finance transaction...anyone else??

What was the source of your motivation?

try to find a deal through craigslist by sorting it by real estate owner.

Some sort of marketing on your part is going to be required to find both of these people.

Now, we are getting somewhere, as I heard that is one way of finding local deals with motivated sellers.

If they do a new lease (and, assuming the security deposit is covered by the lease), then let them sort out how to get some cash to the old roommate.