Loan mod strategies for houses with equity

[Gabe K.]

Hi Fellow Note Investors,

I own a NPN where the market value of the house is actually large enough to cover the UPB + all the accrued payments and fees (3 years). However, I want to be the nice guy and modify the loan and keep the homeowners in the house since they want to stay there.

What is the minimum number of months of accrued payments you would accept in the loan mod? I could technically foreclose and get a big payday so there is a balance here I need to strike.

Has anyone had this situation before? Thank you!