Commercial loan options that require less then 20-25% exist in bounty---97/95/90 LTV/CLTV commercial financing is available from a number of sources varying on property type, occupancy and other factors not mentioned.Unlike residential loans, legal entities don't get the bad rap with commercial lenders---the same estimates I provided above would apply.

Im trying to find out if it is legal to assign contracts here.

Remember, Federal law doesn't permit them to BROKER sales, but just like any other property owner, they're afforded the legal right to sell their own property without a license.

Operating expenses include taxes, insurance, management, maintenance, vacancy expenses, advertising, utilities paid by the owner (at least during vacancies, rehab, etc), evictions, court costs, entity maintenance, legal fees, common area upkeep, lawn care, snow removal, office supplies, damage done by the tenants (in excess of the deposit), lawsuits, capital expenses (although not technically an operating expense), etc, etc, etc.

I thoroughly examined both companies.

I'm assuming that if they default I can resell the property again and start all over after the legal process is done.

I am just stating that I have no legal interest.John Corey

It is a legal change of ownership.

Be careful about being too cheap with legal documents.

That makes sense, the auction is the legal milestone that puts the property up for sale so it would be illegal to bypass the foreclosure process.