Anytime you are looking at investing in real property, either commercial or residential, do yourself a favor and order a BPO!

Like Jeff S. stated 1-4 units have favorable loans available to them.

.- A favorable credit history.- Be employed and able to furnish adequate proof of the required income.- Good references, housekeeping, and property maintenance from your previous landlords.- No history of evictions or broken leases.- No criminal background.Is there a clause that I can add to indicate that preference will be given to the most favorable applicant as defined by the above criterion?

the thing i like about you is you've got some awesome ideas on this board. you have no idea how much stuff i've applied that you've suggest. maybe 1 day i can return the favor.

Situation (a) drove you to (b), meaning if this goes to court, it doesn't sound to be in your favor.

Favorable tax rates

The cards are in your favor and there is no reason why you can not recover in full including principal, interest and advances.

All that said, just because there is a deficiency does not mean there is a deficiency judgement nor does it guarantee a favorable court judgement in favor of granting said judgment.

We're totally in favor of seeking seller financing, but that seems to be an awfully rare occurrence, as far as we can tell, since that requires the seller's to own the property free and clear.

If the appraisal says that there is a bunch of stuff wrong with the house, they will most likely either require that those items be corrected prior to closing (not going to happen) or deny the loan.The bank that owns the property is most likely aware of the condition of the house, and they know that a buyer with financing is going to have that problem so they will favor cash offers or offers with such high down payments that the buyer's lender might look the other way.You might try private money financing.