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We also leave a very detailed explanation of how we expect them to take care of the property and how they'll be rewarded for doing so.

Any details on why they want/need a roommate at this point?

I plan on a telephone conversation to make my offer & mention the contingencies I require, then, if accepted, following up with a Letter of Intent that puts in writing the details (including the subsidies he's offered and the good faith deposit I'll provide along with a signed/accepted P&S Agreement).Finally, as you suggest, I'll try to get a referral to a R.E. attorney.Thank you SO MUCH for all your help!

Provide us a little more detail and you will get a better answer.Best of luck!

@J.Scott thankx for the detailed response.

Good reply Jon, your posts are always very detailed and informative.

But the MLS will have details (e.g., selller concessions, days on market, price history) you can't get anywhere else.

As I plan to move into land/home packages and SFR this becomes more important.I would like this thread to detail how someone might go from where I am to offering financing like any other established financing company.The only rule as we create this list is the reply to get a lawyer doesn't cut it.

For background, this BiggerPockets 'The Foreclosure Process' article details the foreclosure process.