In this case, you would use a lending attorney to draw up a loan modification agreement.

This can be effectively addressed by strategically placing the mini-split units in locations where they can facilitate airflow into adjacent spaces, and by implementing simple modifications like undercutting doors to promote air circulation.

Then be notarized and wire the funds, they don't table fund even in those states...Seller cannot be late in past 12 months or in default or in a modification or any other troubled asset review department like bankruptcy.FHA's are mostly assumable, VA is but VERY tricky as it isn't good for the veteran - they lose a percentage of eligibility.Servicers do not have loan officers to help you, they don't get paid on assumptions.

I believe any modifications/accomodations to the property to keep the neighbors/neighborhood safe are to be borne by the tenant.  

But consult an attorney steeped in private money law.2) this state is HIGHLY regulated so you need to know what you can and cannot do.3) CA recently (2022) had case law against loans that went into default, were worked out with the lender and then default interest was discharged (subject to usury rates) because the loan modification wasn't worked out through the real estate broker who originally supported to loan origination.Bottom line, make sure you explore your legal rights and considerations before lending in this state.

Honestly, I was quite surprised the Seller swiftly accepted my offer without any modification.

Most people have equity in their property and a low interest rate, so they are more likely to file bankruptcy.We also as a debt fund have data that substantiates this as rarely does a property go to FC and 90% of the time we will see them file BK if we cannot work out a modification

Finally, once you make the modifications, you're going to want to make sure that you revise your insurance policy.

Whether it involves email correspondence, written agreements, or meeting minutes, the practice of maintaining comprehensive records is essential for upholding transparency and clarity in any business or organizational setting.Documenting the process through detailed records, including agreements, communications, and any changes or modifications, will help protect both parties in case of any disputes or disagreements that may arise in the future.

While homeowners often personalize their living spaces to suit their unique needs and styles, it's important to consider the impact of these modifications when it comes to renting out the property.