Not sure how much you're working with, but FNMA recently came out with a program that more or less has the same effect of what you have in mind

If it's an FHA loan and the homeowner were approved into the pre-foreclosure sale program and it expired, the bank can foreclose.

I contacted US Wide Financial, and they actually told me about the delayed financing program and said it would be perfect for what we wanted.

Has anybody utilized this program before?

Has anyone heard of any successful refi's through this program, or is it just another mortgage fantasy?

They promote it in a couple of magazines and online spaces as well and every couple of days I get an email as I am sure they are sending everyone on how great the program is (complete with balloons and confetti)!

Reagan changed the student loan program, my building and many others almost immediately suffered a 50% decrease in occupancy.

I won't go as far as saying don't buy this program or that program but I will say, considering the line up that is going to be at the summit speaking and the comfort in knowing you're not going to be upsold any crap at the back of the room.

Our city decided a few years back to start a revitalization program to create a more vibrant, sustainable, and just community..

I chat with these folks frequently and they can tell me really quickly whether something is laden with BS or if there are lenders lending on such terms.