But his solution is that we can still refi for the money I owe- just no cash out.

Every year you bank 20% of the grant though, so each year you are there you owe $1,000 less of the $5,000 loan. 

I owe $103k on a $113k loan, with an estimated resale value of $170k.

Home value: $225,000My existing mortgage: $110,000Remaining years on mortgage: 21Current rent: $1,925My current PITA: $1,200I believe I can structure a loan with appropriate rates to more than replace my existing approx $1,000 of cash and principal pay down each month with interest received on the loan.

To my knowledge 203k is used for principal residence.

Need your thoughts BP community.Has anyone being a principal or a Broker Rep experienced these demands from listing broker in order to convey your buyers offer to the seller?  

I often invest in PG County, but recently discovered a new area, Owings Mills, MD.

Assuming it is, the first question is how much is owed on the properties.....most likely much more than they are worth, or they would have been sold in the BK.  

It should specify how much money is being transferred, for what period, how the money is to be paid back (interest only, principal + interest), at what intervals (monthly, quarterly, annually), and whether pre-payment is allowed, etc.

He is bound by the 21 day timeline in the state law (I'm going by your notes, I don't know the CA state law) and can be held liable for treble (triple) damages, meaning that if he did not provide this to you, he could owe you three times the original deposit.Speak to a real estate attorney about this.