Only 13,277 are classified as "Modification" and 83% of loans that received a forbearance and subsequently received a completed modification were current.

If there is a full 2/1 upstairs and another downstairs and you can't tell where an interior staircase would have been then you're likely looking at an older home that was originally built as a duplex OR a home that had a massive modification done to it, putting a 2/1 unit upstairs.  

Mike,Have you investigated whether or not this use will require modifications to the building because of ADA, Fire Codes, Building Codes, etc.   

There are personal modifications (multiple brick flower plants pushed against stucco exterior/bench seating in kitchen) that were most likely done by the previous owner who lost the home in foreclosure about 10 years ago. 

Every flip I have done has required taking down a load bearing wall or other structural modifications. 

You may not plan to, but what if something happened in your life that necessitated that you sell? 

.- She is signing up for a home loan modification in this week and we are planning to dismiss the bankruptcy in 1-2 weeks.- There were no financial issues prior and technically we are still solid.- She has a 620 credit score as a result and may be slightly lower.

Any modifications to any of parcels requiring zoning approval would consider the zoning as if all parcel were still owned by the same person.

This could mean either reducing their principal, lower their rates, or extending the loan term.Despite the government’s efforts with the Home Affordable Modification Program (HAMP), the study find that 41% of all loan modifications became delinquent again within 12 months.Additionally, loan modifications that had a loan-to-value ratio that was higher than 80% were more likely to default by an additional 17%.My hypothesis is that this pattern will also emerge in this upcoming flood of foreclosures.Armed with this information, we’ll to the County Clerk’s office to search for loan modifications that have occurred since April.

If the modification will create an inappropriate living condition for the next tenant, the landlord may agree to the modification upon the condition that the tenant restore the unit to its original condition prior to leaving.