The reason is now they are negotiating back and forth with your attorney to change the boilerplate documents and find a happy medium.

@Steve MorrisI believe this is geared towards those who can’t get standard bank financing for whatever reason or who need it quickly.

My mother took over the delinquent tax payments in order to save her childhood home for sentimental reasons.

I mean you have been doing it already and since you can cover you debt service buying an house that will provide you two additional sources of income if you can make it cash flow that can also help you pay off your current debt, and as you pointed out you would also have a long term asset that should reasonable go up in value as well over time.

Once you get over a certain amount of capital it becomes hard to effectively allocate it.If you don't run into that with 1mil, you will as you keep progressing.I think you owe it to the family to speak honestly to that.That's the reason most large institutional investors have a hard time in the SFH world and focus on larger, lower cap rate investments.

This second move would probably need a reason (more floor space and we are expecting a kid, a better neighborhood, easier commute) in order to be signed off on by your lender.  

There is a budget amount that may be a little tricky to determine but in the long run a house that has reasonable and somewhat "neutral" updates for the area is going to sell for more.

So, I am offering you the extension for free, and if you want to get a free copy, inbox me or leave a message here (the reason I'm not pasting a link here is that I want to get to get feedback from you, so a personal hello message is in need.)I hope that you are excited as me, and I'm waiting to hear from you all.Thanks!

As others have mentioned, I'm not sure the market in RE will support that however if you're looking and ready, I think that's achievable your reasonably near term future.

I understand everything that you are saying, and figured that was the was reason but at the same time you ( NOT YOU) can’t assume I’m going to commit mortgage fraud when in fact I am actually going to occupy the home.