I was the witness to an attempted murder.

In addition they know they can short pay by paying only part of the late fee because you have shown a pattern of not attempting to collect it.Obviously this late payment history annoys you because you are posting here.

I have not found it easy to market turn-key deals to buyers, but I'm attempting different strategies.

In most cases where there is ANY lien other than the first mortgage, the lender does not care to attempt a "deed in lieu".

The first offer is nothing more than an attempt to influence the lender to take an offer that is less than the true value of the property.

You just need to make a few more attempts, and see how the corrections were made, and you'll catch on.

Have you attempted to close through a land trust?

If the executor is an individual (not a professional) then this might be the only situation where I might attempt to present a case for a short sale.

Michigan has the largest state forest system in the country and you are never too far from a natural body of water.

I'd suggest you have it reviewed very carefully. paying the minmum will not provide much of a paydown and if you were to make just that payment and attempted to refinance, the property may not appraise high enough, with 10% down, for a refi without PMI or to make it economical, so pay it down.Others have addressed the deal itself.Good Luck, Bill