@Chris Seveney,Don't you carry the same level of responsibility when rewriting/restructuring a note where the payor is slow to pay (30-90 days late, consistently), but most technically not truly delinquent?

I am planning to restructure all my entities and my decision will be based on research that I will be conducting on my own plus some help from high end professionals.  

V2 Mortgage Relief Plan VoucherDate: February 20, 2010 «Investor_Address» «Investor_City_State_Zip»Void after 90 days Exactly**********************************************$500.00 Voucher Amount___ ***********Five Hundred Dollars and .00/100***********________________________ «Seller_First_Name» «Seller_Last_Name» «Property_Address» «Property_City», «Property_State» «Property_Zip» Mortgage Relief for «Property_Address» This is not a check or a negotiable instrument OBAMA HOMEOWNER AFFORDABILITY AND STABILITY PLAN Great news; because of your existing high loan balance compared to the current market value of your house your first mortgage may be eligible to be restructured and/or even paid off at a highly reduced value.

If they do, then you'll have to restructure the deal, if they don't move forward.

You could restructure your letter like this:Hello Mr.

Bk (13) wipes out unsecured debt and restructures secured debt, so, you take grant deeds on property with already restructured debt that have *positive* equity and try to discount liens further?

From the property owners perspective, they are foregoing the possibility of higher revenue in order to maintain a steady revenue stream from the agreed upon rent so there is not much incentive for them to restructure the contract to a profit sharing model if it means reduce revenue for them. 

We have restructured our budget.

As for the field on a quickclaim stating the "sale amount" obviously we aren't looking at this like investor A is selling to investor B....but rather a more suitable setup and restructure....so how would you treat the "sale field amount" if you were transferring to new LLC's between you and your spouse/partner?  

Definitely restructure your contributions/allocations.