If it's been three years, I'm going go on record and say it's ok to assume here that the bank owns it.The bank is ONLY going to acquire the property by foreclosure sale and ONLY judicially so while that may be what you meant, it's not that they CAN acquire by foreclosure sale, They DO acquire by foreclosure sale.

I've got a good contractor and property manager in TN so I'm confident on that side.One risk is that the houses in this market aren't extremely fluid.

After asking what he meant, he proceeded to tell me that the more I payed the lower my interest rate would be.

I guess there was a third thing, too--I refused to give up when things were rough and fought my way through it, even when that meant paying out of my own pocket to protect my investors.What's interesting, however, is my experience was the exact opposite of @Michael Ealy. 

I just meant I could see how that is enticing to the seller when possible. 

Would you suggest me financing this as my primary residence as I wouldn't mind staying here for a bit if it meant a better deal and what would be some downside to this?

It's meant to protect Illinois property owners.

So the price I was trying to sell the house at according the comps basically meant I would break even. 

@Don Konipol I meant the buyer, I apologize

@Jaron WallingI meant buy and hold.