@Zach I really do appreciate you walking me through everything bud.

@Theresa HarrisSo what if I walk?

Tell them you will walk through the apartment and pay them cash once everything is out and they sign a lease termination. 

Also it was spelled out that the seller walked away with $2500 after all fees. 

I just wanna cut my losses not ($2,233 already paid for flood insurance, surveys, and elevation certificate) and walk away from the loan. 

If not, walk away from the lease and the landlord is legally required to try and re-rent the place.

So if you sell @ $400k you will walk away with about $340,000-$350,000. 

Pre-foreclosure technically only means that they are behind on the mortgage enough that a Lis Pendens has been filed.Most people (like 95% of people in forbearance) are not underwater, so it's most likely not a short sale -- they probably have enough equity to sell and walk away with a check instead of writing one. 

I like the second account only because years ago, before Zelle, I just gave out the account info since tenants were okay walking into the bank to deposit because of issues with "pseudo online billpay" and some USPS issues. 

I know I just can't walk up to someone and sell them the entire block haha