Since it would be unlikely that could happen, it would either be no deal or you can try to refer them to a realtor/short sale expert.

I need to find a solution to this.

What I see as a solution is we need a business oriented person to take control of the country.

Your intentions are good and trying to work with the lender to form a solution is the side I always subscribe to.

Also how do I reference you in the post so that your name is @and underlined.

I would formally send a letter about the inadequate due diligence material as a cause to cancel the contract and refer to the clause in your contract about diligence material and the seller breaching it by lack of providing.

Are you referring to let's say, running regressions and understanding what will really allow you to sell the house at a higher price?

Bill if you are aware of an option to buy triggering a DOS in California I would like the reference.

It is about 25% higher than what I paid for homeowners on it when I lived in it.In trying to find the best solution I have read on the internet about other ways to insure rentals and have come up with a Landlord Policy.

I am currently in the process of buying a second property , thanks to the advice of several members who responded to my question reference , "how to get financing with no money down" .