But is there a letter or template out there I can use?

There is a whole lot written here on direct mail/yellow letters.

You might want to consult a real estate litigation attorney about options and something as simple as an attorney letter sent tot eh seller might scare them into closing depending on the reason they decided not to go through with it.

My guess is they have already received a load of "yellow letters," and I'm wondering what the right approach might be to get any sort of negotiation under way.

If not, what is the best way (outside of sending yellow letters to the home itself)?

All are going to have rates well above bank rates, HMLS will be double digits and that's rarely good for buy and hold.Yes DTI is always a factor on SFRs.

5) in the meantime you have to gather the homeowner's financials:Last 2 years 1040's, last two months bank statements, last two pay stubs, or proof of unemployment, a hardship letter, medical bills, (what ever it is that caused the hardship.)6) Go to the county and pull the trust dead (or mortgage doc) and make sure you know everybody who is on the loan.7) Get the name of the bankruptcy attorney AND:8) Get the SSN(s) and go to the US Bankruptcy website and actually check to see if he/she is still in bankruptcy status. *** Pacer website is: www.pacer.govYou'd be surprised how many times people say they are in bankruptcy protection status and they are not.

We recently updated the title on a house my family owns (removed dead trustee from title, etc) and then yesterday received a letter including a signed purchase offer from a broker.The offer was all cash, 5 day inspection, 21 day close and required that we pay a 3.5% commission to the broker who sent it to us.

Typically they will lend 60-70% of purchase price to show that you have "skin in the game' You may need a POF letter from the lender depending on many factors.Great to see you in this real estate investing arena!

He saw the work being done and he never once said, "hey you need to get this approved" nor did the HOA ever send me a letter.