I've never worked with Section 8 so can not give first hand experience with it, other than I have refused to accept it.  

Thank you for your advice.No this means that he placed the bid in your name and it was accepted by HUD and y'all have 2 business days to get the contract in. 

update: owner is willing to sign papers for me to talk with the bank if I give him some cash.Any suggestions on what percentage of the balloon payment I should offer to the bank that they will be likely to accept?

However, there are times when we can get accepted offers on multiple consecutive properties.  

The only way around the banks is to pay all cash, or find a Motivated Seller that will accept Seller Financing.

I am a licensed Social Worker in Baltimore MD.

But we also have agents over the states, nationwide and other neighboring countries as you can chat and (SMS) with them.WEBPAGE: Here is Mr Kevin Petersen who just got a loan from us few days ago, you can contact him for more preference via emailIn attachment is the LOAN TERMS AND CONDITIONS, kindly get back to us if you find it acceptable by you.

So I have to either accept that the market has shifted, or else be content with the leftovers that the serious investors have rejected. 

However, if you're buying a turn-key property and not going for a value-add strategy, I would be wary to accept anything less than 20%. 

UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING THROUGH HIGH END RESIDENTIAL REAL ESTATE In an effort to combat money laundering in the real estate sector, The Financial Crimes Enforcement Network (FinCen), a bureau of The United States Treasury Department, has issued Geographic Targeting Orders (GTO) that will temporarily require title insurance companies to identify the names and social security numbers of the natural persons behind LLC's and other opaque structures that are used as shell companies to purchase high end residential real estate.Reporting will be required on "All Cash" purchases of residential properties that exceed $3,000,000 in Manhattan and $1,000,000 in Miami-Dade County.