I personally feel, as stated in the article that the new sale guidelines offer a fair administrative solution to making sure the borrowers are getting a fair shake on debt forgiveness, restructuring and if all else fails foreclosure.The other thing I don't like, in my experience I have had many supposed non-profits and even private investors romanticize the idea of investing in NPN's.

You, nor we can restructure this note without much more information, the note and DOT, payments made, accrued interest charged, the jurisdiction and collection attempts or collection history.My guess is that note is trash after 5 years! 

The issue I have is that I won't be in town January and want to get this thing going January 1st or before.How might I amend or restructure the contract to be able to sign in December, but have the contract go into effect Jan 1.

After getting a quick overlook of it with our title company, we decided to restructure it a bit.

The unfortunate end result of Detroit's restructuring is that the working stiff and the retiree will probably take the brunt of it.

(We'll subtract the balance from the 1.5 - will bring it down to about 1m)D) I will restructure the property from 2 to 3 apts, potential 9k/mo rental income after reno. 4 mos with no income?

Do or die.See how far you get, before you go ask for help.This is an exercise in itself as you completely redesign and restructure your mindset.

Those that go into default will more than likely file bankruptcy to protect their home and restructure the debt because of the equity and the higher costs of rent.We are still at near all time lows in foreclosureWe own around 250+ notes and 90% of defaulted go to BK over foreclosure at this time .

Hopefully, that makes sense.My one current idea was to see if SellerA would assign/transfer the land contract to SellerB, and then just have SellerB restructure the payments.

Examples are foundation work or restructuring the property, adding a bathroom, increasing the size of kitchen, building an addition,… These are considered high risk flips as costs for repair my substantially eat into profit or make it a loss unless you have done it before and know exactly what type of work you are getting into.For my first work, I am more interested in doing a rehab with most common improvements such as paint, carpet, broken windows, leaky roof, counter tops, garage doors ,…. that will prove me with a good learning experience as well as a reasonable profit as a bonus :-)