Usually if I have a predetermined idea of MOD. A

The other enrollment fee is $1000 and something like $245 per month for the software website tracking system…My guess is as time goes on at some point in time the banks will realize they have to begin to initiate loan mod’s on their own as opposed to having all that bad debt on their books.

Hi Mark, All my experience in RE has been since 2008, first as a landlord, then a bit of note buying (currently working on a note mod), a bit of rehabbing, and note lending too.

Yet, $2,220 is the normal.Here is an example of a Subject To I did, in foreclosure, bringing their loan current, taking over their loan and giving them “cash out”, they had a previous loan mod as a 2nd loan.

Then there are also discounted defaulted notes that have been rehabbed into performing status again (via loan mod). A

@Gil Ganz and @Chris Seveney Do either of you differentiate between an original note or a loan mod?  As

I would agree with @Russell Brazil (as a mod as well).

Made by Moda tile but rebranded for Kaiser, about $2.50-$3.50 (12x24) a foot a lot of it on hand in the warehouse.

Simple they might not be healthy enough to take any hit currently.ORThey already have a bunch of product out there.Putting too much out at once could flood the market making their 80,000 REO drop to 50,000.So the banks like to release properties like a water spicket in small little bursts so the dam doesn't break.On the pre-foreclosure residential side there is 2 million loansin some stage of default that will have to be worked out.Whether that's ultimately a permanent loan mod,a DIL,a short sale,or a foreclosure remains to be seen.So there are millions of properties out there.I think where people get confused is what is happening on your local level??

Otherwise, I wouldn't personally worry about the bank.As for the loan mod, as long as it is completed and the loan is brought current, that shouldn't pose a problem.