In order for the borrowers to have received a modification, they would have to have qualified for the new payment in most cases.  

You can write a lease modification to change the rent for a period of time which you both would sign.You might want to collect the 10% difference from the tenant's security deposit and ask her to make up the difference over the coming year as part of your agreement. 

If those notes fall under Dodd-Frank, the modification of an existing loan is a new extension of credit and you need to comply as if you were making a new loan.

But this type of apartments also includes some helpful modifications for disabled people.

The article concerns NJ 55+ modifications as approved by then governor Jon Corzine. 

The tenants are getting a bit restless - with numerous visits from inspection, appraisal, survey, plus however many visits from potential buyers prior to all this.What surprises me is the estoppel letter actually sounds like the lender is injecting itself into the lease by adding these terms to the letter the tenants are required to sign.I will not agree to any modifications of the Lease nor make any prepayments of rent without the prior written consent of LENDER.In the event I receive a notice from you stating that all future rents should be paid to you, I will comply with such notice without setoff as to any claims I make then (or in the future) against the Landlord (or any of its successors).I recognize that you are relying on this Certificate in making a loan to my Landlord (or its Successor).I hereby agree that the Lease be subordinated to any Mortgage from Landlord in favor of LENDER and all additional and or future advances, thereunder, and to any and all extensions, renewals and modifications thereof, and said LENDER shall be and is hereby agreed to be made prior, paramount and superior to any of my right, title, or interest as tenant under the Lease and I hereby agree to subordinate any and all of my rights under the Lease to LENDER.Is this usual and customary? 

Or you could redeem the liens and add them to the principal balance in the mod.  If

Need to think about doing any modifications as well, modifying an existing note is the extension of credit just as making a new loan, so you have loan origination issues as well, servicers are licensed and aware of loan origination requirements as well.

The fact that I'm located in the New York metro area necessitates out of state, and my hours dictate turnkey.

With some very slight modifications, clause 5 not being one of them.......