That sounds like one guy is providing a lot more civil work/city communication than just drawings...Or allowance for changes vs. charging you for additional modifications.

But we have a few lenders in our market that offer about 1/2 the rate as a HML, lower down payment than a HomeStyle loan, Interest Only for about 4 months, and usually have some type of modification option into a 20 year adjustable loan if you need.

House needed full rehab including some modifications in the framing.

HI All, I have a 'single family' property in Hawaii that has been underwater for 5 years as Ive been applying for a loan modification since then, with no success so far (Ive reapplied multiple times).  

@Trent Ecklar - I see potential modification to some of the numbers. 1.

Did few modifications to the layout making it more functional and open.

Did few modifications to the layout making it more functional and open.

Hopefully, the judge will rule in our favor as we've objected to the plan modification.....

There are several ways to keep a property from going to sale in Washington, the trustee can postpone at the last minute, the home owner can file a bankruptcy at the last minute, the state is aggressive to make lenders look at loan modifications, most banks will take the reinstatement amount up until 24 hours before the sale and guys like me come along and bail the borrower out and buy the property.I did mega numbers of pre-foreclosure purchases in King Co but never at the Auction.

Sellers in this situation include: Homeowners who have had difficulty selling on their ownHomeowners with financial difficulties like pending foreclosure that necessitate a quick dealLandlords ready to part with assets in disrepairLenders with too many foreclosure properties on their booksRegardless of how you find them, the key is the profit potential.