Originally posted by @Reaz Alli:@Steve VaughanI believe both our names are on the title  I would consult a legal pro first, but my thinking as a TIC would be no, I'm not re-signing for the debt.

What's the cleanest way to go about this without breaking any legal requirements?

CA OR and WA have very specific laws as it relates to what you can and cannot do with a homeowner in foreclosure you should read those before you do anything.. they have severe penalties for violators..Once you figure what you can and cannot do legally.1. as Wayne above state Credit is trashed. your bringing no value there In West coast Purchase Money Deed of trust foreclosure  credit is trashed and bank has no right for a deficiency judgement. 2. 

Not to mention, are you actually all approved for a 30 year mortgage on rental property/non owner occupied?

But things get more complicated when a lot of these people renting out their basements illegally are also not paying taxes on the income... and then theres Insurance & liabilIty Issues as well. anyways, I personally am trying to find a way to do things as legally as possible.

I am doubtful that the seller has been approved for the variance for a 2-unit, and am wondering if I should move forward to submit an offer without it.The mortgage company should be able to finance the loan, but my question and where all the risk lies is on the exit. 

I wanted to do multi family to start but I do not posses finance, past experience, nor a reliable partner(been looking hard) because any that I can be approved for myself again fall in section 8 housing.

You have to watch some training materials from the state to become approved to do low-risk work. 

@Jim Cummings is right, the TX laws have changed and don't appear to be favorable for investors looking to do multiple HELOCs on investment properties.I'm not approved yet (only started the process) but I will get 75% LTV at 6% for 12 years on all three HELOCs. 

If I tell them about it, can they legally send that listing to someone else who is out of or in the area for them to buy?