You seem so close to this one being closed whatelse you and everyone else could do to work out things better?

If the tenants are seriously trying to buy the house, they may be able work out a rent-to-own agreement with you where their down payment could be used towards the money that is paid to the bank.

In my opinion, even though you may be right that they pulled a fast one, it will likely not workout well for you unless you can prove the agent acted in his/her best interests.

Sorry was trying to post answers to the questions within your post....didint work out too well lol.The situation is that the owner passed away about 3 years ago and everything was passed to his only son.

I flew to California and took an intensive 3 day training this past summer, in June 2010, in Sacramento.

If he wants to stay he needs to work out some agreement with the lender.Once he gets this situation stabilized, he can work on rebuilding credit.

It also is a fall back plan to sell your labor at a higher rate if things don't work out going it on your own.

(you can find the story on my blog if you like -- one my recent posts)I personally think it's a good strategy because it's labor intensive.

Since I knew the property owners/family had never taken on this task themselves, they were really clueless as to how time intensive it was.

I've had it work out where the lender considered the documentation and showing proof of an ownership interest, and therefore they were technically refinancing.