A long shot would be IF she qualified for a loan modification that lowered things enough, then you might be able to just take over the new payments.

Zillow allows for an owner to input modifications to the information, so maybe this is what you're seeing.

Ultimately, if the FC date has already been set, which is the case here, "they" could be the investor who is holding the investment since they have final say on postponements as they usually incur a legal expense.In my opinion, "they" may have chosen to incur the expense in order for the servicer (Mortgage co.) to do a workout (loan modification, short sale, DIL).Eric is correct, there are many reasons for a postponement.

With a deal like this, where the loan balance is $132K and the property is worth $109K, a subject to makes little sense because you're going to be on the hook for the full loan amount.Now, I suppose its possible to negotiate a loan modification and get the principal balance below the value and then do a subject to.

I am interested in working the commercial loan modification business.Can /is anybody working with a commercial loan mod co, and making an income referring clients?

First is current.We have other judgments against us on credit cards already right now so our credit went from high 700's to the cellar over the last 2 years.I have some investors who are willing to buy the note and do a major "loan modification" on it for me.

The Law suits against Bank of America and Countrywide whom they purchased, with respect to their miss management of their mortgage portfolio may be a bigger concern especially if wikilieaks has information substantiating criminal actions in this regard.I have found Bank of America to be grossly incompetent when it comes to modifications and in my opinion borderline criminal but if their unbelievable lack of concern for their customers turns out to be intentional and criminal they will pay the price. i would not have my money with the Bank of America.

Most sellers indicate that they are trying loan modifications (about 90% want to stay in their underwater home)...Anyone having success using other methods for marketing for short sale sellers?

On the residential side I have seen agents work like dogs to make a pittance in commission.High time-low money equals a NO for me.You will need to put this MARS disclosure out as a broker/agent on all correspondance to all potential residential clients etc.You also need to check if your broker allows for short sales and also on mortgage modifications if you are allowed to even help owners with that.

This estimation accuracy is vital for me to do my analysis of rental purchase for this property.