The fact that it is in foreclosure means little except that you may be in a time crunch to perform and that you are dealing with an extra sensitive situation and distressed owner/borrower.

He's already had 3 weeks free so you're already in a bad situation.

First i'd be checking if they would entertain selling or if they are seeking other solutions to feel out the situation.

Hey BPers,I'm in need of some solid advice/guidance in my situation.I currently have a SFR primary residence in which I rent out two of the rooms. For my W-2 job, I travel a lot and am often times out at sea for weeks...

I'd also get multiple bids and numerous interviews to see who is knowledgeable in that particular situation.

Every situation is different. 

Or if they don’t have the money to take care of a serious problem that could end up costing you a lot of money, you may want to step in and take care of the situation to protect your asset because, at the end of the day, it is still your asset until they exercise their option to buy it.

What your financial situation/credit score looks like 3.

Recent events have pressed more of a NEED than a WANT- looking to get my brother-in-law into a flip or BRRRR-type property for a few reasons: 1) Get a young single father an alternative living arrangement to current situation 2) Allow him to pay down debt 3) Get him interested in real estate investing for lifelong financial benefit.

@Gareth Meaker you are in a terrible situation over there, hopefully Australia will offer you a worst case recourse.No one is going to be able to answer your question effectively.