Step away from this nonsense.Unless she has a source of income to actually buy this, that she hasn't declared to the local housing authority, I will bet that she wants to use her Section 8 deposits to  you to purchase the house. and if she hasn't declared her extra income to section 8, then she's just defrauding the system.You can either say "no" directly to her, or just say that you still have a mortgage and you can't enter into a lease purchase agreement for at least another 12 years.

Mine has an Additional Persons clause.

In addition, it is not uncommon for those level of notes to require advances to preserve and protect the mortgagee's interest in the real property.  

I know that leaning on the idea of appreciation veers toward speculation, but in Westchester its a pretty good bet that the property will appreciate pretty significantly. 

I bet your local McDonald's isn't running on a MTM lease.

It is a pre-manufactured, and much "beefier" (Lower left photo) support system designed to provide additional vertical and horizontal resistance in wind, snow, and seismic zones for which the design criteria has been pre-approved and stamped by an engineer.

But I Have few questions about it..(1) he said he want to use part of the money to pay IRS debt of 28000 (2) use rest of the money for addition to the house and than go to conventional financing ...

@Jay Hinrichs --That's a good point, I could act as the agent in these cases, and earn a commission, But what I am really looking for is my own experience in addition to the money.  

I am a fan, just not of the president heheI bet you a dinner at Mancy's that it won't take affect on August 16th?

Glad to see another addition to the Cincinnati investors.