I did a little research on Memphis one time (I thought 18 homes for $18,000 each sounded great until I realized they were worth $5,000) and realized that the treatment of your clients is standard practice in that so many are bringing investors in from out of town - like California etc.

Personally, I'd rather use alternative funding sources instead of relying on traditional methods everytime.I'm starting to understand this.

Ooops, need to mention the down payment financing alternative....take possession prior to closing and rent, make your down payment under your sale contract, then apply for conventional financing.

Does anyone knowof a good alternative?

I mean the damage is done.The damage is so extensive it's wiped out the years rent I've already collected, but I can not permit such treatment and behavior.

Would they be open to an alternative compensation agreement?

That is pretty funny and frighteningly accurate.However, I've been researching alternatives to the current Federal Reserve system and nobody seems to offer one.What would work better?

(I'd never have tolerated delays like that in a normal tenant...one of the foundations of Sect 8 are the same treatment for all groups)Now- once we got into their system (direct deposit to a corporation's account, I provided everything to them but my blood type and tax returns).

The lender would not accept alternative treatment for just our side.

Alternatively you can double close.