That limitation can be removed if the consumer/borrower attempts to reinstate the account or applies for modification or relief.  

Your basis is likely zero for all pratical purposes and any transfer may mean paying taxes on the transfer where the is little cash involved.I might suggest you look at a modification of the by-laws of the corp and spliting responsibilities and management of the divided property from within, your share could go to seperate trusts as well.

Quote from @Carlos Ptriawan: so @Jason Thompson , rather than speculating , let me know your zip code and house configuration that you are looking for and lets debug and analyze together, every market is hyper local and can not be generalized, I've shown how in my zip code the price is actually flat and never drop unlike what they said in newspaper haha LOL the problem with housing is actual sold price is not like stock price where everyone is seeing the same chart, this is actually I think the benefit of real estate investing whre sometimes people oversell or overbid their houses due to inaccuracies or lousy realtor.I made >100k in 2021 alone for 4 months studying the price discrepancy lol @Carlos Ptriawan that would be a great help Carlos, my criteria is as follows; Asset ClassGarden StylePrice: $10M-$50MUnits: 50+Vintage: 1980-2000Class: C to B+Business Plan: Value Add assets with deferred maintenance that are underperforming the market on rent, occupancy, and or expense ratioMarketEverything North of HoustonKingwoodKatyConroeThe WoodlandsSugar LandAny modifications and recommendations would be greatly appreciated.

The gurus don't tell you how to address these issues.If a borrower is underwater and gets behind, they have better options with modifications and short sales.

Legal pub is not always required, and some estates may waive bond as we'll as some bench officers.As a fiduciary, I have a "master bond" which allows me to pull bond without application each time, if and when required.Typically, bond company (Bond Services here) picks up Petition and files in court for attorney in lieu of necessitating use of an attorney service.

I am an excellent tax and asset protection attorney specializing in real estate and businessOur focus is on simple, inexpensive and powerful structures that are:1) easy to understand and fast to implement2) easy to use to conduct business and transactions without on going attorneys help3) easy to modify or change4) easy to unwind or cancel5) easy to pass on to loved ones in the futureWhat we have successfully done for our clients for years is strip the equity by placing a special kind of lien against the equity of each of their properties.There is a way to do that with legal reason and the liens are to their own LLC (just one LLC entity in WY that can strip the equity of all their portfolio of properties making it impossible for anyone to collect anything beyond their insurance coverage)By the way the structure I am writing about here keeps our clients in full control with no on going fees or modification fees and they only pay a small amount to keep that one LLC current each yearThis of course has to be structured prior to being sued because if you use our services to structure your assets in this manner, it will only take 3 days but if you have a lawsuit that has been filed against you, there is a 50/50 chance the plaintiff's attorney will complain to the court that the liens were placed after the lawsuit had been initiated.Let us know if we can assist you since you needed guidance

In that case, your tax for the modification year is increased by the amount that would have been imposed (but for the exception), plus interest for the deferral period."

Well, those attorneys are dead wrong.Another aspect of screwing up I see is "investors" modifying a note, especially in NPNs, as any such modification is considered a new extension of credit, it's a new loan, so you better be compliant in making new loans as well.Now, all this is assuming you have consumer mortgage and you're not dealing only with commercial loans as, you can still have such compliance issues but they are not as severe as consumer loans. 

I have looked into the costs of the containers and modifications and even the shipping/moving costs.

By the beneficiary's discretion, there could be an open modification or short sale reviewing taking place and the mortgage servicer is requesting postponements, the borrower could of filed Bankruptcy, or the occasional shady postponement tactics. 7 Years is on the extremely long end of the spectrum.