But consult an attorney steeped in private money law.2) this state is HIGHLY regulated so you need to know what you can and cannot do.3) CA recently (2022) had case law against loans that went into default, were worked out with the lender and then default interest was discharged (subject to usury rates) because the loan modification wasn't worked out through the real estate broker who originally supported to loan origination.Bottom line, make sure you explore your legal rights and considerations before lending in this state.

Only cons I have with that is, if the owner would allow me to make some modifications in the house, which is something I wont have to worry if I buy a house.

I used one piece in my arsenal with hardly any modifications for ten years.  

Sometimes, a simple modification can make a big difference.

I recently got a loan modification (5 months ago) fix for 40 years.

I did a loan modification a year later on the 2nd loan.

Her 1st payment is due December 1st, 2008.This is what is called a loan modification.

Was looking online at Commercial Releif a company that provide depreciation acceleration and loan modification services.

Lenders often do BPO for other reasons prior to foreclosure or even when reviewing for a modification.

The Wall Street Journal is reporting that studies by Standard and Poors and John Burns Real Estate Consulting conclude that 70% of loan modifications done will delay but not prevent foreclosures.