Forget it unless you want to loose the sale.

Could hang onto it and establish two large bedrooms in the basement pretty easily though with egress windows.

@Nat Chan - unless there's an amazing amount of equity in the deal, your made of money, and have tons of time; I would forget it.While I'm sure someone's had success with a specific performance lawsuit, as an investor, you're going to got LOTS of bad media and attention chasing them.I'd keep my name out of the mud and move on.

The property needs new windows, some kitchen and bath updates etc. 

Do the same analysis for the HVAC, windows, painting, etc. 

And don’t forget the tax differed benefits :)Good luck... and like others said, I wouldn’t push it. 

Don't forget to update your insurance when / if you use an LLC to hold the property.

Then you will have to pay legal fees to FC and Pay a servicer to manage the loan alll while making your monthly payment not the notes.OH, don't forget to have money set aside to rehab the property once you get it back....

Evict.And when the day comes that your forget this lesson, and it most likely will, at minimum have the tenant pay every single dollar they can afford on the 1st.

@Tanner Barnes there is certainly a window before auction that a seller can still sell.