It's designed for someone eager to own their own home, but who is ineligible for traditional bank financing.

You should be able to approach almost any lender that works in your product type an in your area and obtain a cash out refinance, especially if you request at a low LTV.

At this point it is going to be too late for Terri to use her own title company/attorney if she is using HUD's, that has to be designated when the contract is signed.

What about businesses that take a holistic approach and service all three needs?

I would find a good mortgage broker / banker or any large volume mortgage lender and explain the details as I have laid them out, and they can give you the details of the loan guidelines and how best to approach all this.Good luck and happy hunting.

I didn't approach them, they asked me and I was still in the Army then.

I want to know how it works and what I mean is if i approach an investor and tell them that I invest in RE and am looking for funding and I will pay them x % return on their money.

But there are several approaches to accomplish this without further agitating the seller.Be the hero, the problem solver.

Greg Fend, the lease approach mentioned by Wendell De Guzman sounds similar to my dad's approach.In lieu of locking in a nominal % upfront (usually 2-5%) for the option, you increase the rent.

It's expected closing is fast approaching, this Friday (6/28/2013).The acquisition process has been rough.