Originally posted by @Joe Villeneuve:Originally posted by @Daniel Levine:Originally posted by @Joe Villeneuve:Originally posted by @Tammy Vitale:.............. and rehab timing, the average is between 4 - 7 per year...never spending the money, using the same money.The numbers:Average cost per deal including rehab, fess, etc

The proposed modification is to reduce the interest rate from the current 9.125% to 6% and leave UPB untouched.  

Located in a great neighborhood, formal DR, family room, built-in shelving, laundry closet & lrg eat-in kitchen w/ plenty of cabinet space.The home was once a rental, then individual family purchased it, they were foreclosed on, and the home sat empty for over 1 year.I have made some modifications to the home since I purchased with the help of family:  installed 2 new ceiling fans in the bedrooms, replaced 2 interior door knobs, replaced all outlets with 3 prong grounded, rewired the living room and hung double ceiling fans as there was not lighting other than lamp plugged into outlet, painted the dining room and kitchen, installed a dish washer, some small landscaping projects around the home, had ancient HVAC system serviced,  but much more needs to be done.  

Once or twice a year he either knocks down the house or makes such large modifications that you can no longer determine the original foot print.  

All recorded docs, all court filings (criminal and civil), and any local death/obit notices and vital stats.  

Wayne, I'm going to look through the ordinances in my area and see if it says anything about sidewalk modifications.  

I applied for a modification that was denied by the lender but they told me I could sell short without being delinquent.  

Additionally, if you're over the property line and your new neighbor isn't cooperative, you could find yourself on the wrong end of a lawsuit and having to make modifications to the structure.  

They had a loan modification about 3 years ago.

My 14 year old is the one who has the most desire to do this thing and is also a little reserved, so your advice would be especially vital for him.