They would then have both notes.You might try asking for a modification of the second, too.

As I look through my exam books right now, here are just a few of the topics covered in depth: Conditions of purchase Buyer alternatives-purchase/legal legal aspects/securities law LLC, S;yndication, partnerships, joint ventures, TIC;s/Tenant in common ownership-security/non security Investor participation, breach of contract, buyer's liabilities, Equity purchase transactions, Lease Purchase/Lease Option contract-legal burden of proof, Boundary disputes, easements, enchroachments, Promissory notes, due-on-sale regulations, Converting nonrecourse paper into recourse paper, deficiency in recourse loans, modification of notes, errors in payoff demands, AITD/Wrap mortgages, short payoffs on recourse/nonrecourse.

The "agreement" could be an assignment, or a loan modification, or a subordination agreement.

Getting a modification on a loan would mean the borrower is willing to reinstate, which means the borrower is willing to start paying.  

From what I've seen servicers execute modifications "at the direction of" the lender which implies it's the lender ultimately negotiating the modified credit terms.

Shoehorn another rental into that building with some modifications?

There is no property tax exemption that I am aware of for having solar panels or any other eco-friendly modification.

I would say a modification of option 1, not a mutual fund but syndications. 

A loan modification fits your situation better.

I digress.On a more serious note: I'm a veteran of the US Coast Guard, a graduate of UC Irvine, a ton of internet marketing experience (SEO, user experience modification, adwords, etc), and I'm looking to provide a helping hand to an investor.