I completely agree that you must put yourself in the seller's shoes as best you can to match the right solution to what they want.Here is one extremely vital exercise I do now.1) Reverse engineer past profitable transactions.2) Deconstruct, examine & identify the key elements.3) Then rebuild the machine piece by piece to attempt to improve & replicate.It's a never ending process.

She has a few options:1) make up the back payments, fees and late charges to bring the loan current.2) If she can't afford it, sell.2a) if she's underwater and the lender will agree, sell it as a short sale.2b) if she's not underwater, just sell3) pursue a loan modification with the lender.

If both parties are amicable to a modification of the lease, you could replace the inherited lease with your own.

·Modification of the fiduciary duties of a manager?

This is pretty common these days.Even if you keep it as a rental a loan modification might be possible. - Ned

The profile you maintain for all to see is what attracts tenants, promotes interest and signals vitality.

Contract for Deeds or Land Contracts were the most popular method of doing installment deals, but due to the new laws and issues around unlawful foreclosures I' m not seeing much use for them now, without major modifications to the point that they really wouldn't be seen as the old CFD.

Another issue is checking on state requirements to do commercial lending, if you make a loan and are not in compliance with registrations, licenses or filings, your loan may not be enforceable, so you'll need to check and see if people off the street can make commercial loans.Drafting an operating agreement as a modification to the original or changing it is not a difficult matter for a business/RE attorney, it's an issues of the priority of capital contributions and one member having the power of sale.

Once the regulation is written, formulated, implemented, and guidelines distributed to lenders my guess is that these lenders build their systems, make pertinent modifications, develop the infrastructure to accommodate the changes.

As I understand it State laws vary and have produced various modifications to "opt-in" of this information sharing.My questions are as follows:Can I opt-in or opt-out?