I would like to know if your credit rating (score) is lowered or takes a hit if you ask your lender for a loan modification?.

This necessitates placing it in the MLS. 

We realize that being geographically displaced from a rental property necessitates a property management company.

Looking for advise. We are located in the Tinley park IL which is a south suburb of Chicago. I would like to talk with someone from my area who is familiar with the foreclosure and short sale process and possibly reco...

You may also be liable for removing extra kitchen and doing other modifications to confirm.

Using the standard technique, the sewer would have been stubbed out to the property line and connected later, and lack of detailed measurements would have necessitated a higher pipe and lift stations.6.

Also, once lease is signed can this (so far very high maintenance) tenant demand modification on this single family home which is our only rental?

I have a background in mortgages, loan modifications and short sales. 

None of this was speaking to the potential disposition of forbearance or modification.

I am doing option 1 for one place and option 3 for another place as modifications in that place might lead to code complicance complications with the grandfathered location of some stuff.