Market Failure Some foreclosures are happening “even in cases in which the narrow economic interests of the lender would appear to be better served through modification of the mortgage,†Bernanke said.

After reading up on my property in question, there too were restrictions on the outside having to be maintained as original with minimal interior modifications.

They will allow you to make changes and modifications, but they will typically not allow them to be cheap and there will be paperwork involved for anything more than choosing a house color.

You will likely need a structural engineer to sign off on the modifications.

Possibility of monthly income (after a modification).

Do you require any zoning modifications to build?

I am selling modifications and have deal flow of people who don't qualify.

We're not doing any modifications, workouts, deferrals or anything like that.

The contract can not be modified unless the modification is approved.I suggest you get with the attorney and tell him he gets the money when your buyer has possession and let him take care of it.

Working with the attorney to draft these docs gave me a good opportunity to understand each element, and they served me well for a number of years with only minor modification.