They extend the individual property coverage during rehab as part of my business liability policy.

Obviously, if there was nothing filed to take the property, there may not be a release of the original mortgage either. 

Our university president came out and said that if the state does not release the funds for education than the university will have to shutdown until further notice.

While they will give you the change they will not extend the 45 days for closing to 60 days. 

Minimum of 2 years from Chapter 7 or 13 bankruptcy discharge Minimum of 3 years from Preforeclosure, short sale, deed in lieu, foreclosure from discharge date or release date.Down Payment Requirements The borrower is required to make a minimum down payment into the transaction of at least 3.5% of the lesser of the appraised value of the property or the sales price.

Works great, but bascially sends the applicant a link to Experian and has them sign up and "release" their report to me.

Therefore, not wanting to take the risk that it doesn't sell soon and having to extend a hard money loan (which as you all know if extremely expensive) come March, I'm considering keeping the home and either moving in myself or renting it out.

To get a REO property under contract, the contract itself has to clearly stipulate that the contract is not assignable, and that the buyer cannot be released from liability.

Minimum of 2 years from Chapter 7 or 13 bankruptcy discharge Minimum of 3 years from Preforeclosure, short sale, deed in lieu, foreclosure from discharge date or release date.Down Payment Requirements The borrower is required to make a minimum down payment into the transaction of at least 3.5% of the lesser of the appraised value of the property or the sales price.

My underlying logic behind this is that I don't want to over extend myself.