We have spoken with an attorney concerning this, his advice is to contact the previous homeowner and try to get his cooperation to do a short sale/obtain power of attorney and/or contact Fannie Mae/BofA and try to negotiate, or the last option is to bid at the BofA foreclosure sale.

It is always prudent to obtain a copy of your estimated settlement/closing statement a few days prior to close and have your tax advisor crunch the number so that you know what items must be paid for out of pocket and which are considered permissible 1031 exchange closing costs.

I look forward to meeting some good people here and obtaining some good, valid information.Once again, great site :)Oh, and if you have an "real" hard money loans available and / or Orlando (Orange and Seminole Counties) investments, we would be happy to hear about them.

That has been an issue with obtaining a mortgage in the past.

They have even told me that  I may not be able to obtain title insurance on the property because the contract is a reassignment.  

IE, 25 basis points lower than rates obtained from conventional banks. 

They check and deal with Title issues for the property, and public liens against the property/owner, not a borrower's background/credit issues for obtaining a loan.

There are a multitude of ways to obtain great deals on properties that are off market (not found on the MLS). 

let me know, hope that helped.Whether the refinance is good for you or not depends on your current terms on this property prior to the refinance and if you'd like to obtain a cash out refinance on your property and obtain your capital again.

However, I'm unsure how to go about obtaining this list.