Obviously you would then need to use alternative cards for your personal purchases.  

You might be able to use annual statement + transaction history from Dec 30th to present to make it work.If the funds cannot be sourced adequately, what often happens (as a sort of compromise alternative to "loan denied") is that the will pretend they never saw the money and subtract that amount from your current balances.

This fits for both owner occupant and investor.Experience/Education: More sophisticated home owners may be more willing to contract the work out to agents, but alternatively, if an investor owned a property in Detroit Proper, they likely have the means to FSBO it anyway (if they have a few years experience). 

@Adam Spencer Better insulation and sound treatment might help, but this is a good leverage you could talk to the bank I assume.

If the borrower wants out of the home and to avoid foreclosure and further damage to their credit, we provide alternatives that will allow them to do that and give us possession of the house.

But @William E. rightly recognizes that a unique opportunity has come your way through that walk through couple.Normally a 1031 exchange on this project would be difficult to defend because the timing and process would look awfully like a fix n flip and those do not qualify for 1031 treatment.

However, looking at things from where I am I think turnkey seems like a pretty good alternative to consider at this time.

@Matt Crawley - the better question is what is your alternative?

Properties acquired with the intent to buy, rehab/flip and then sell do not qualify for 1031 Exchange treatment. 

I will be on cancer treatment for the rest of my life. husband has heart failure.