Loan modifications and deed in lieu can help a borrower avoid foreclosure too.

For example, a lending officer may have entered into a modification of the loan in some manner, at some previous time, and did not have the modification documented correctly.

This necessitated excavating more drywall to see how much damage there was, and, it turned out, the termites had been throughout the entire unit, even into the ceiling.

For multies that necessitate a commercial loan it is not as clear cut in my opinion.

However, they have personally made several modifications/upgrades (in their eyes I’m sure) that are above and beyond what is permitted in my Standard NV Lease.

Funding needed: $30KARV: $200KOutstanding Chase mortgage: $30K, 2% Monthly note: $719Market rental rate: $1200-1400Add'l background info: I got a no for a HELOC from my mortgage co and a couple other big guys because I had a HARP loan modification in 2013.

Background: I got a no for a HELOC from my mortgage co and a couple other big guys bc I had a HARP loan modification in 2013.

Things like grab bars and ramps you are required to let them do according to the ADA which says you have to allow them to make reasonable modifications. 

Divorces, people behind on mortgages, behind on taxes, people who have done modifications to their mortgages.

You can also have your attorney do a template for you so that you can just make minor modifications for each deal- this is what I did.