I am already in my extension period but I am still no closer to closing on this than I was a couple of weeks ago.I do have some options.

I also wonder about the reality of the rent after the guaranteed rental or lease back period ended.

You must have welcomed at least 10 new members to the forum during the period in which the contest is going on.4.

You must have welcomed at least 10 new members to the forum during the period in which the contest is going on.4.

The full balance of the first mortgage would still be owed to the first lienholder.In some states, there are owner redemption periods after the sale.

They're pretty efficient but you are using your own money for a few days or weeks.

I was given the idea of selling the home to a trusted friend or relative, for a temporary period of say two years with the idea of buying the home back once our credit and financial situation is better.

I've been listening to REI podcasts and reading all sorts of everything for the past two years in addition to reading a number of assorted financial periodicals in general (any sort of periodical being another big weakness for me), and I think it's finally time to take what I've learned and take some action.

As a 10 year veteran of the closing table I have presided over nearly 10,000 transactions, and during that period of time you get to see just about everything.

Theres nothing you can do with the Right of Redemption period, becuase the borrower may always come back and get the hosue back.