It's an attempt at governmental assistance with cram down of debt, with profit included for the private enterprise that masterminds it.

Thanks again for the assistance!

Knowing what is going to be the next, big thing in real estate is important so we are able to provide financing for real estate investors who are active in those specific niches.With government-backed financing available in plenty for multi-family, assisted living, to name a few, these property types have been extremely popular among real estate investors in recent years.

If you occupy half or more of the building you might consider an SBA, they usually have a good track record of being renewed at maturity if there were no problems.

How is your move in defined or tracked?

You would probably want to get your tax id for the LLC first so that you can enter it on sunbiz. most banks will just need your tax id and to verify you on sunbiz. pm me if you need anyother assistance. banking is what i do as my day job :)sunbiz: https://efile.sunbiz.org/scripts/coretype.exeirs (for tax id): http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online

If it's not already REO, then you are hoping to track down the people who have moved out, and KMarie's got you on the right track for that.

FEMA seems to step in in big disaters with assistance as well as states (I know, Cali is busted), the uninsured and underinsured survive but those with insurance fair better I'd think.Retro fitting your house might be worth the pound of cure, to a point and anyone you talk to will likley be doing a sales job on you too. :)

Not sure if this should be in buying real estate or in the deal section but here goes.So I've been tracking a property for about 6 months now (maybe a little longer).

I know you are not actually obligaged to purchase the property, if you use an Option, but do sellers back-track when you present them with an Option?