Even if they waive or postpone payments to the bank, you still OWE the original amount - the bank loses nothing, they're not waiving 3 payments from your balance.

Joint borrowers· If this is a joint Agreement, you shall each be fully liable for all sums outstanding under the Agreement and not just half the balance.4.

We had a bad experience last time (14 years ago) and now that we are in a selling position I'd like to partner with someone who will be easy to work with and knows how to maneuver in this type of market to achieve best results.

Specifically, how do you best track distributions to investors, investor returns, capital account balance, etc.?

Have about $20,000. in a money market savings account @.80% and about $3000 in max $3000 balance cert @ 3.44% and the rest in just in my checkings.

You have to test the market to be able to achieve both. 

What will I owe to pay off the balance at that 6 month mark?

Now to make it even sweeter, me and my mother currently reside in a house in the Bronx that has a remaining mortgage balance of 225,000 with an unnoficial estimated appraised value of 719,000 sent by the bank.

Send the balance due to a collections agency and have them report the balance owed to the credit reporting agencies. 

@Ernes Sahic The ARV is important, but I also would look at what is the return you would achieve taking their offer.