Originally posted by @Matt Lawrence:Originally posted by @Jay Hinrichs:Originally posted by @Matt Lawrence:Originally posted by @George Munoz:I  reached out to them couple of week ago , thanks for posting this,, didnt release any info, but established connection ..   

The house is a foreclosure so we cannot extend closing date.

On utilities, I bought a foreclosure in NJ and found out it was not attached to Town sewer and I actually had to extend the main line up to my property then put the lateral in and abandon an old cesspool.  

If they are the 3M version and you are slow and careful on the pull off, they usually release but not always.

I would lean towards recommending that you pursue the deal - plus having the property remain in your family may be a net positive for you and your extended family regardless of the ultimate financial return. 

That depends - if its a short term hard money loan possibly, but expect to pay more for it.I would first ask your current lender if you can extend the loan.

The checklist here acts as a roadmap, ensuring that nothing is overlooked.Knowing when your due diligence should be completed or when to close or extend your contract is of utmost importance.

Many times they will hold back the renovation costs in escrow and release once you’ve shown the renovated unit and leased it.  

The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.  

I need to reach people looking for temporary housing, but not vacationers - because Castle Rock is not a place people go for extended vacations, especially in winter.