The bank should only give the balance to the account holder.

Mean while, the lender, or investor, or aggregator that holds the loan, must still pay their bond holders for this loan even though they cant collect the payment and cant foreclose.

My way it cost me ZERO and I achieved this within weeks and my note holders were thankful I did not pay them off.

I've used Jason Holder with Holder Roofing and Nick Apone with Complete Restoration Solutions.  

Whether the home owner makes their payment or not, the mortgage servicer still has to make a payment to Fannie/Freddie/Ginnie...whomever actually owns the note, and they have to pay the bond holders.

I contacted my mortgage note holders and decided to ask; namely, if they would work with me or I would refinance.

I'm assuming not as that would need to be agreed upon with the individual note-holder, but thought I'd ask since there's so much talk about mortgage relief/forbearance for landlords during the coronavirus pandemic. 

@John Cameron I can’t speak for the ATL market, but I am a broker in NC and would not entertain an offer I felt was just a place holder.

My realtor hadn't even finished taking good pictures and had listed it with a couple of place holder snap shots.

After disastrous earnings reports for the next 3 quarters the only thing CEOs will be able to tell share holders is that we are cutting expenses and laying people off.