We've been sending 50k mailings a month since jan 1.We're doing loan mods and FB's for 30-120 day lates.

[MOD - Had to edit that subject line and fix the spelling]

If you have enough properties (or a large enough single property) to make good use of employees, I feel it is the smartest way to operate...as long as you A) LIMIT the types of work (to minimize injury risk...a worker's comp experience mod increase can put you out of business); B) pay what is necessary to attract a WELL qualified employee (NOT your typical "handyman"); C) are an efficient project manager, or are willing to delegate that task to the employee...and generally support his decisions/timelines.If you try to micromanage...you will have turnover, which will be more costly than hiring a contractor.

mod=RealEstateMain_1...that is not the type of change I believe in.

this is kind of annoying don't know if the mods are aware, just want to bring it to your attention.

Way cheaper and works great for getting loan mods.

Principal reduction loan mods are mostly a figment of Barney Frank's imagination anyway, but with Investment property , they are even more rare...like never.I help people navigate short sales full time and have learned to reserve judgment (specifically with failed "investors").

Personally, I have only had one client with an Option ARM problem; most of the loan mods that I deal with are standard ARMS.

Think i'll go drink some hemlock... just kidding, anyway.. in this situation where i'm not in default, and my mortgage doesn't adjust until 2010, do i have any leverage to try a loan mod to get out of the interest only aspect of my loan.. i'm getting the impression that these lenders will only deal if your in some stage of default.

I think some may feel as if the article in the proposed bill pertaining to principal reduction loan mods will actually put an end to much of the short sale demand.