If the owner wants to keep the property, he can let the lender know he has had a hardship and fill out forms for a modification.  

strictly non-legal opinion follows:This certainly is a Sticky-Wicket - - the improvements have created Sweat Equity, unless your lease specifically forbids improvements/modifications w/o written consent.You need the services of a lawyer to unwind all this and to get the "occupant" extricated.Get this done before accepting an offer. 

Hi everyone,I am currently under contract on my first flip property.  The work on the property is not terribly extensive and should be completed in 2-3 weeks.  I'm wondering if it still makes sense to put this propert...

Perhaps you can re-evaluate all of the contracts and see if re-bidding out for new contracts might keep down the budget or its possible that everything is already competitive and there is no need for any modifications.

She shouldn't have to pay for a modification to her rental property for other people's dogs.

In the event they wish to go month to month or renew multi-year as opposed to the automatic one year renewal in the lease, should we execute a brand new lease or is it better to do a modification / addendum of sorts to the existing lease simply outlining everything is still in full force and effect and we are simply changing the length of the lease? 

We are mailing to the same list every month, the only modifications are to remove the RTS addresses (and I'm going to start working on a way to hunt them down). 

A Mortgagee is not required to hold a license to negotiate a modification on the loan they own.The utility of MLO's is often greatly misunderstood.  

Keep in mind that you will not be able to do any modifications while you are still paying the owner off without his permission. 

i'm getting ready to purchase my first rental property but I'm running into some issues, I own a home ( I live in) which has 100,000 in equity and I will like to use that money for down payment or just buy a property straight up but i got denied the equity loan because of a harp modification, I've only tried two lenders and one said my credit is not good enough and the other said the HARP Mod, at this point not sure what to do, I don't have the money for a down payment right now unless i get approved for a equity loan, being new to real estate investing I'm hoping I can get some advise on who will approve me being that there is 100's of lending companies, or how i can get a some money for a down payment, any help/advise will help.