A modification is a 'new' extension of credit and at the time the modification is executed all compliance and regulations apply to the loan.  

Going to a call-center from the get-go is outsourcing a vital function without doing in-house first.

Studying for my Texas license test and I am kind of shocked to see the landlord is forced to pay for modifications to the rental to make the place safe and comfortable to live in at his own expense for a disabled person. 

I just know they are vital for success. 

I think my “optimal” route with a NPN is to rehab it via loan modification and get it reperforming, and then flip the reperforming note to somebody who’s interested in the cash flow.

I'm a business lawyer, but I've also handled bankruptcy cases, consulted on some foreclosure defense cases and handled loan modifications for some of our clients.

@Arlen ChouI fully intend to pull whatever permits are necessary, as intend to sale the place one day and that bathroom will be vital to the resale, as it's a 2/1 as it stands.

You say they have their loan at 2%, which means they have received a modification.  

I also believe they have potential for future growth as they both where once predominantly owner occupied.Its is vital to have a unique property manager to cater for the these lower class investment in order for the numbers to work.Without the right PM it is very difficult to succeed.Thanks and have a great day.

I heard that it had to do with some loan modification that they did.