Who works out your non-performing notes?

[Sandy Uhlmann]

I was wanting to know if most people use servicers to work out their non-performing notes and what kind of luck have you had going that route?  I have an asset manager working out some of the notes in my SDIRA but I was considering using a servicer to work out one of my loans.  Has anyone had good luck going this route?  This particular loan is in my SDIRA. It was also suggested to me that as long as my loans were boarded with a licensed servicer (they are boarded with FCI) that I could contact an attorney directly and have them push legal/send demand letters, initiate FC, even have them negotiate a workout on a non-performing 2nd that I own.  I am told that as long as I have no borrower contact at all, this is acceptable for a loan held in my SDIRA.  (This loan is in KS and my asset manager doesn't like to deal with KS notes.)