Now, D-F may apply to any modification as that is an extension of credit when you make that loan.

Or maybe you want to do a modification and get the borrower back on track.  

Peter you are correct, I said 60% work out but that really includes Modification, forbearance, DIL and cash for keys.  

So I had Peak make a deal that I would except that and forget the mod if the borrower would pay up all missing payments and get current. roughly $4kThey had told Peak that they had all the payments that they didnt make ready to pay but were nervous about the loan mod, were confused, didnt understand, etcetc. 

Link to FCC SiteI would tell tenants to contact me prior to installing satellite dishes to determine if there is a low-impact way of getting them what they need and that unapproved modifications to the roof, exterior walls, etc will be considered damage for which they must pay.

Wipe those out as they have wiped out the stock values of every day investors.The good part was like part 109 I believe which allowed the government to force the "modification" of home loans made prior to March of this year.

We selected a 5 year term so that in years 1-2 we are in acquisition and modification mode, then assuming successful outcomes, years 3 thru 5 are cashflow income on the loan payments.

Or trying to make some modification?

I made a major modification to a load bearing wall to open up the kitchen to the great room and view of the pool.

Just posting a modification & clarification here in this discussion so as to not leave a wrong impression, and to counter any negative associations my first post may have caused.I must say that I deeply appreciate Marco's openness and true desire to see his investors succeed.