POP-TOP Rescue MissionGot to the jobsite early today to meet with our new buyers to walk the house and go over options and upgrades.

Ironically I do animal rescue myself and have far too many cats and dogs. 

@David Hutson thank you for coming to rescue this thread. 

It is a method to rescue a business from failing.

So, because Sellers have the option to sell now during a strong real estate market and because if there is a decline in the market, it will likely lead to decreased inflation and decreased rates and thus in-turn 'rescuing' HELOC's and ARM's and Commercial loan products - I wouldn't expect there to be a larger than normal foreclosure rate BUT this will be dictated by the length of the process and by the length of the 'lag' between inflation and rates. 

Unfortunately, foreclosure rescuers using these methods run into problems themselves, and there are numerous discussions about foreclosure rescues.

By doing so you will have all your answers and if you still get stuck then post a specific question here on BP and someone will surely rescue you out.

In this case these homeowners have an HISTORIC track record of NOT paying their mortgage time and time again over the years to where the lender who is foreclosing had to already not ONCE but TWICE due loan Modifications for them and also set aside substantial funds from past arrearages they COULD NOT pay by taking back a Subordinate 2nd lien as on their residence property ...Not someone I would want to advance more funds to UNLESS - I am able to GET TITLE  ya the owner occ is a pickle but I know some states have a carve out for one loan  or a rescue loan been some years since I bought anything in CA at trustee sale.

On a $1,000 rental, it would cost $1,200 a year for me to manage it but it frees up the owner's time, ensures they are keeping up with the market, and protects them because I know the law and have policies and procedures in place to mitigate losses.Most the owners I pick up are "rescues" that have made mistake after mistake after mistake, costing them a lot more than my management fee would cost, not to mention the amount of time and stress involved.Yes, you could successfully manage your own rentals. 

@Michael Meegan needs to be rescued by @Greg O'Brien lol