It seems possible that people of this age could be willing to do something like this so that they can live out their remaining years in someplace they like with the finishes they like.I will provide updates after the bid comes in.

I know the rents will remain some what the same so it's hard for me to justifying going outside of new carpet and paint.

But I found I was never returning the pet deposit because the odor that always remained in the bedroom carpets.

Tenant still has about 5-6 mos remaining in lease.

Guess since there hasn't been a steady amount of freezing days / nights yet for them to remain underground.

The Mortgagee may want to retain their security as a Mortgagee for the sake of foreclosing junior interests while agreeing to take the remaining interests from the Borrower to legally direct the property.  

Then the tenant's income source has been allowed and you can screen them out based on the remaining application or pick a more qualified tenant assuming you have multiple applicants. 

I guess I just have to remain persistent & positive. 

People generally understand, whether its lemonade, cars, homes, small boutiques if you've dealt with a level of responsibility in one area you generally can be trusted to remain honesty and ethical.

The tremendous growth in private money lending has also been indirectly fueled by bank qualification standards, which have remained stubbornly high in the post recession lending environment.