The lease agreement that we signed includes an option to purchase for a specified dollar amount. Right now, we are working on getting all his taxes together for a bankruptcy case. Unbelievably, my father ended up with COVID days before his scheduled discharge and was admitted to the hospital today. Anyway, it seems like this is going to be a process that will go on for a lot longer than I had imagined. At 2 years past due, I assumed that we had a matter of months. But, with COVID and the bankruptcy, it sounds like this could go on for years? SPS calls periodically requesting to speak with someone about a deed-in-lieu. I'm not sure why anyone would do that in current times.Is it possible to have the lease include an agreement to purchase at x dollars at year 5 in the lease? Just spitballing a way to take over your father's liabilities and retain rights to the property as a tennant (while waiting for credit issues on the mortgage are resolved.) In this case, he would still be living with you because, well, you are taking care of an elderly parent. I don't know if this creates issues of law but it could create contractual rights. I have considered leasing with option to buy as a way to obligate the pretender lender to a pre-existing contract so they don't have claims to evict anyone in a potential future foreclosure.