What if the borrower was in a loan modification that wasn't recorded?...

I rented the space to an established dog groomer so the only modifications required was a bit of additional plumbing which I paid for.

As we were discussing in another thread, there is money to be made with this type of note (through short sale, helping homeowner do a modification on 1st etc) but there are much better opportunities for you elsewhere. 

I think just being flexible gives you a huge leg up and the large companies that are very resistant to any "standard contract" modifications. 

In fact, there is a lot of work that doesn't necessitate a license. 

On the back end after purchase to verify a loan servicer's payoff statements and/or for a modification or restructure as you mentioned.

It is actually a modification to our state codified law 43-32 which governs rental property.

Federal law requires a mortgage license for workouts, the rescheduling or modification of a non-performing loan is the extension of new credit, just because you own the note doesn't make you a lender.

A lot of properties I look at have, over the years, had walls moved or other modifications.  

I haven't had any complaints from tenants about this charge.The other softwares were pretty good, but here are the deal breakers for each.Tenant Cloud: Tenants cannot setup autopay unless we have the paid versionApartments.com: You cannot upload your own lease, you can only make modifications to their leaseAvail: You cannot upload your own lease, you can only make modifications to their leaseRentRedi: No free version***I investigated these softwares 8-12 months ago, so some things could have changed.