Hope this makes sense, you seem to want to try and make it the best situation for yourself, which isn't always possible, just be happy your on a month to month term and can move out soon and you found a home, believe me closing don't always go smooth, you could get extended and at least this gives you option for a roof over your head until you get your new set of keys.

I would share that link from our site, but the BP police would poof this post.The economy and employment are fine; actually the LR economy is pretty diverse to the extend Moody's named it the 2nd most diverse economy in the US, with Chicago being # 1.  

Then look for a loan that has a lien release, so as you finish the development and sell a lot, they will release that portion of the lien and you would then pay off 1/4 of the loan from the proceeds.

There are many private companies that provide this service and have their own websites for corporate housing and/or extended stays (14 days or more).

Did you decide to extend it because you found it cheaper, space concerns, or something else?

. $215k LA at 6% interest only on a 3 year ballon and an option to extend for 2 years with on time payment.

Make 3 “trial” mortgage payments and then have my mortgage modified,  extending my mortgage but keeping payments relatively the same as they currently and absorbing the back pay into the modified loan. 

In either case, your big risk is re-leasing if/when the time comes. 

See the HUD press release for more details.

If the borrower fails to contact the servicer within the timeframe or at any time indicates that he or she is not interested in these options, the servicer has no further obligation to extend a HAFA offer."