Any other creative ideas anyone?

Creative Financing:http://forums.biggerpockets.com/viewforum.php?

When things get rough agents and brokers give "creative financing" techniques to one another so that they may survive their commission only pay!

Anything to make it clear to the seller exactly what is going on and why the price needs to reflect the market reality.You still might not get the deal so be prepared to move on.John Corey

They used to call this business "Creative Real Estate Investing"...and what that usually means is solving problems.

But I do want to be prepared in the event that I do foreclose, the repercussions, etc.

I would have to agree with you on that one Ben, I love the whole getting real creative to get a deal done mode!

It would take new law or creative interpretation of existing law to make it illegal (which would call into question all business relationships).

For example: Closing on Purchase: ME Cash down payment: YOU Find tenants: ME Screen tenants: ME Prepare and sign leases and other dox: ME Manage property (maintenance, escrows, rent collection): ME Decide to sell: BOTH OF US List property and conduct closing at sale: ME ...

I won't go into detail but I busted my *** trying to find the ultimate job in preparing me for my career in R.E.