Depending on what kind of loan you had in place at the time the foreclosure was recorded.

@Yvette Allen,  I reckon it largely depends on your long term goals, and your negotiating ability, as to whether it'd be a win-win at least as much for you as for your Buyer.

So if they don't exercise the option then I may need to put in a couple thousand dollars to do some repairs and such and it may stay vacant for a month or two, but then when I  put in another person that wants to purchase the house I collect another option fee of $3900 upwards of $10,000 depending on the property.

I would just be careful and only use a credit card depending on what your intention is. 

As you know could take a minute depending on title results.

Start from there to see if you want to offer similar or better brand/model depend on your target sales price.

@Brian Leu The type of entity you use depends on what type of activities you're doing.

Depending on your criteria I am sure you can find something in those areas that could be a good deal for you. hope this helps and good luck.  

Now depending on the bank, some may allow the loan to be personally backed.  

It depends.6)How much time am I required to commit to a broker once licensed?