Troy:Excuse the assumptions; but, I would suggest that if the bank has possession, there may be a receiver in place, or the parties have agreed to the bank taking "control.".

He is headed for a crash if he does not get his finances under control.

Its nice that your wife is going along with the program ;o) Cute suggestion for @JMartin Love would be a bonus right!

I'm going to stay in control of this deal and not commit to anything in a rush.

Remember you don't have to own a property to control it.Good LuckPaul

In brokering secondary loans we would have different programs with different wholesalers and even in basic programs their wishes could be different.

There fees seem very reasonable, very quick service, and also good referals to Lawyers etc....One thing I liked about them is they encourage 'checkbook control'.

I know this thread is old but the prices here in South FL are out of control, "wholesalers" are marketing properties 10-14% ARV and on top of that most of them market the same exact properties.

Are there any loan programs similar to homepath/fha etc. that are available?

A ton depends on the legal jargon of the contract and what controls are in place for default.