employed owner occupant of the property a three year balance sheet requirement verifying the ability of a self employed owner occupant to produce a sustained income a job security requirement verifying that an acceptable degree of job security applies to the occupation and or industry of employment of the owner occupant where in preferred embodiments a published job security score is used to determine the degree of job security for example a requirement that an individual job security score published by scorelogix llc and available at www scorelogix com be at least 650 on a scale of 350 to 900 a requirement that applicable lease payments for the property will not exceed a certain percentage of the owner occupant 39 s gross income which in preferred embodiments is 25 a requirement that a total of applicable lease payments and other recurring payment commitments of the owner occupant will not exceed a certain percentage of the owner occupant 39 s gross income which preferably greater than the lease payment percentage and more preferably 34 a requirement that there are no unsatisfied court judgments applicable to the owner occupant a requirement that there are no pending civil or criminal court proceedings applicable to the owner occupant and or a requirement that there have been no prior un discharged bankruptcies applicable to the owner occupant during seven years prior to a proposed date of purchase the steps illustrated in fig2 are then repeated for a plurality of distressed properties currently financed by the bank or other financing institution in preferred embodiments all such properties are evaluated by the bank according to the steps of fig2 in some preferred embodiments a plurality of banks or other financing institutions implement the steps of fig2 according to agreements.