The owner owes 100K more than that and also do not want to do a Short Sale on the house and is looking to buy another after selling this one for what he owes.I know this is a NOT a deal.

This is my understanding from talking to people on Biggerpockets.Term is most likely short-term, as owner would not want to do 25yr term.

Let me go over a few of the fact so people can better help.The note went into foreclosure about 2 years ago when we got past due but we brought if current with all shortly after that happened (19 months ago).The taxes are indeed past due but not up for tax sale for 2 years and we usually pay in November.

I have some experience with Short Sales, Fix and Flips.

Short term rentals. there is a property management group on site that handles the short term rentals.

Short sale.Are you planning on renting or selling?

Seems like alot of people here are extensive experience in Short Sales.

I will be speaking to lenders and brokers shortly to see what kind of loan I am able to acquire.

Chances are I will read most of it since it's short and to the point.

It got very frustrating and then I came across "short sales" .