Also, if he is nearing retirement age, the seller can receive a retirement plan from the LLC in lieu of, instead of, part of the purchase price but providing him with similar income and at perhaps at a more favorable tax advantage.

I have gone through the lovely task and signed up with all of them and I have yet to get a reponse. ....Welcome to BP Mina...I agree with Will on getting your foot in the door with a AM...However, i have a Wells Fargo AM that might do you some good...My contact emails me alerts a couple times out of the month on up and coming Bulk REO bids....might just work in your favor....just advise...best wishes...!

The story around it and trail of communications would seem to be in my favor, after the story changed when tenants were located.

It might work in your favor.

Basically, I have seen it happen a small handfull of times, its not very common.The bank wont sign anything that isnt favorable to their terms, you did read the addenda, right?

If you haven't already done so, please do yourself a favor and acquire the knowledge.

Don't mistake my comments as being in favor of a government agency, far from it!

Foreclosures take a long time.I'm in favor of spreading the foreclosures out as long as possible.

The states may make other exceptions, so that is where investors need to focus their attention in getting favorable regs.As it stands now, non-profits, like Habitat For Humanity, will need to have a fully amortized loan, even though they do not charge interest (for religious reasons) to buyers.

Or maybe get a D & B report.Next, if at least somewhat solvent, if the property is in a smaller market (like mine is), you could probably "bet" that if problems occur down the road, a favorable lease buyout for you would be likely as they might only close some operations in smaller markets.Finally, just make sure the lease does not already have a buyout clause that is less than what you would be willing to "assume."