I would suggest you have a modification of note and deed of trust done prior to buying this one and extend the balloon payment.

It is my understanding even if it were covered under the disability laws that you would not be responsible for providing it, just that you allow the modification if it is not burdensome and that they must return it to normal when no longer needed.  

Very difficult to know how reliable it is for any given property...Sometimes the property appraiser site just lacks certain info entirely (like living area sq footage)...Sometimes I've seen docs at the building office that conflict with what's in the property appraiser site/stuff that has actually happened, been reported, and should be updated in property appraiser site doesn't make its way there, or is very delayed...And in some cases the current/previous owners made modifications on the property without ever going through the proper process so the county just doesn't know to update the appraiser site. 

This would be the first time for my partner and I, we have never done a property modification. 

I've now shifted to loan modification consulting and I work with a team that does BPO's, trashouts, and lists REO's.

"guarantee is not waived due to any modification, amendment or alteration of the lease whatsoever". 

The house has great bones, new sheetrock, new HVAC and Water heaters (2 of everything), the wiring and plumbing have been updated in the last 3 years, and within the last decade new windows.Repairs wouldn't be major to polish this gem, minor modifications.  

They don't show property transfers (Again...shaking my head).If you were denied a modification, and your situation has changed, yes, you can apply again.

I have many resources available to me as I am a licensed agent and have worked in loan modification for the bank and now in the foreclosure department for a loan servicing company.

Modifications that change the layout of the house (i.e. adding or removing walls to create or expand rooms or adding a bathroom)?