Wondering if anyone is currently employing a note buying strategy where you acquire non-performing residential, owner-occupied notes and modify the loan with the current owners to keep them in the house.

Not to sell ...

Imagine how many homeowners who have high mortgages that would refi into a 3% that are at 90% LTV right now, imagine how many people would not need modifications instead they could just refi into a rate almost 1/2 of what they have now and save thier credit and thier home.I think if the tragedy of 911 didn't give you 3% rates for high LTV borrowers then don't expect to get them now.

I'm sure someone paid a lot of money for these modifications and I would hate to devaluate the property.

The modifications are well done.

It is the most vital part of flipping process.

There aren't going to be any forbearance agreements, short sales, or loan modifications.

We are a consumer protection group that provides loan modifications as one of our services.

Will these modifications somehow get recorded to show the new loan amounts and the goverment as partial beneficiary?

Over 48% of loan modifications done by Bush administration went into reforeclosure (probably more by now).

I did Loan Modifications & Short sale transactions and they take too long to get approved.