Maybe not but it could happen in some certain setting where a Borrower defaulted and was granted a forbearance or modification which only forgave previous interest and fees upon successful completion of payments.  

Second scenario, same questions, but this time the borrower has entered into a loan modification agreement.  

Doesn't modification require changing loan terms and having the borrower sign a contract agreeing to the new terms?  

As an extreme introvert, it is vital to me that I virtual wholesale in better markets.

The borrowers are contesting the foreclosure, have gone through multiple loan modifications and failed them, or have filed multiple BK's, which are things that drag out the timelines even longer for the big entities that process the foreclosures.

@Omar KhanYour right you sound like my one of main Guy's hes been in business 55 years most successful Guy in the city  im located in he tells me the same thing you just said not all info is the best info its the stuff you need to know that's vital that you need to focus on. ima read your post.

I don't want to miss out on any important questions that might bring me issues if I don't ask them.Also- I know to keep in mind not to overwhelm the seller with a flood of questions about the property so...I was wondering what basic (But Vital) pieces of information do you ask a Motivated Seller when putting together a offer for a property?

Does anyone know if him moving the property to another entity (in any way) would give him potentially more leverage in obtaining a settlement or a modification from the bank?    

The HAFA Mortgage Program HAFA - Home Affordable Foreclosure AlternativesIn light of the rising number of property foreclosures in the United States, the government has expanded the Home Affordable Modification Program (HAMP) to include provisions and incentives for servicers to allow short sales or deeds-in-lieu as positive options for eligible homeowners in default who wish to avoid foreclosure.

They had missed a later modification that raised it to $569K.