If you just need extra money we can work out a deal!!!!

Why not work out a way to at least something?

We would form an LLC and have a contract to work out the legal issues.Does this sounds legit?

Again so you're saying just put in under a purchase contract and do a wholesale situation and let the seller and buyer work out the lease purchase deal?

Should work out, I just didn't feel right going straight up to the occupants with an eviction notice without knowing who they are and how they came to occupy.

Let us know how things work out.

You seem so close to this one being closed whatelse you and everyone else could do to work out things better?

If the tenants are seriously trying to buy the house, they may be able work out a rent-to-own agreement with you where their down payment could be used towards the money that is paid to the bank.

I don't know what you mean by "conventional portfolio" lender (sounds like an oxymoron to me, as a "conventional" lender is the opposite of a "portfolio" lender), but I deal with a local portfolio lender (a local bank) and they routinely do cash-out refinances for me within 48 hours of me buying a property...So, it's untrue that you can't find a portfolio lender who will do a cash-out in less than one year...Now, that *may* be true for conventional lenders...I don't know...

In my opinion, even though you may be right that they pulled a fast one, it will likely not workout well for you unless you can prove the agent acted in his/her best interests.