This would not be offered if the net proceeds from the property on a foreclosed sale would be more than the net present value of the new note. the target will be 31% of gross income.So to begin with you need to determine if the mortgage is more than 31% of gross income then determine if the owner has an acceptable hardship, decrease in income , medical bills etc.need to move would not qualify for modification hardship but would qualify for consideration of a short sale, (same documentation and paper work) .

If you can get it through or past any special use/zoning issues, the provider or NP can pay and expects to pay way better than market for an SFH.The trouble with any non profit or business plan that relies on government dollars to pay for housing or medical costs or child care......is that it relies on government dollars.

They can turn around and sell and pay no tax at all.I was waiting for the "discount poison pill" link lol

You lose:- benefits (such as medical) which are costly to get on your own- a source of recurring funds- some ability to get lines of credit of loans- ability to qualify for various loans at banks- a lot of your ability to get back in the job market several years later, if you change your mindIf you do, make sure you have a large cash cushion in the bank.

He needs to move due to medical reasons.

Thank you all for your reponses. you've all just said the same thing i was thinking, I guess I was hoping for that magic pill.

We developed a medical/dental clinic for an indian tribe in northern California.

Although I prefered not to post the details on a public forum, this is the PM I sent to another member.I had 2 Medical Collection accounts that were $100 each.

And I'm also a broker and still licensed in California though presently on inactive status while my wife and I solve our medical issues out of state.

You can look up the unforeseen circumstances; however, the others are: marriage, new child, health reasons, to assist an immediate family member in health or medical reasons, change in employment(includes military).