Second liens would be in the business of paying off firsts when it suits their desire to earn more interest and they could execute such a plan after understanding the payment capacity and propensity of the borrower post origination.It is also important to note, Borrowers can, will and do contest amounts due under the loan all the time.

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.

You could I offer a token commission of sorts and proceed to execute the land contract

Get proficient, build a plan, and execute on it.  

Either way, the IRA is the property owner/landlord.You should hire an attorney to execute the procedure.  

What I do in terms of finding and executing on deals in the next 2-3 weeks matters little.

If a person will not want to sell you a property and transfer the deed at closing, it will take you years in court to win or loose.Anybody could say that he or she was drunk when the documents were executed, it's your word against her word.

FCI will determine which one of the "six borrower traits" their borrower falls under, and based upon those traits, FCI will execute an "Exit Strategy Model" for our customers to receive the highest and best return (ROI) on their investment.  

If you have an option in a commercial deal, you can execute a note, secured or not for the option price, this should not be done in residential deals without expert assistance.