Loan Workout: Basically, the borrower and the lender work out a modification of terms of the original loan agreement.

If there is no real issue with other personal assets at the inception of the entity, allowance should be made in the entity to expand without additional costs of modifications of the entity at later dates.

You can password protect the file and make it not editable after you're done so that you can email it and not worry about modifications by other people.

No modification or change in this Contract shall be valid or binding upon the Parties unless in writing, executed by the Parties to be bound thereby.

No modification or change in this Contract shall be valid or binding upon the Parties unless in writing, executed by the Parties to be bound thereby.

No modification or change in this Contract shall be valid or binding upon the Parties unless in writing, executed by the Parties to be bound thereby.

I am considering stopping the follow up at a sale date because no one is motivated because they will file BK or try a modification.

Who knows though, that would also be expecting some sort of logic out of the same bankers who would rather foreclose on a property than let a loan modification go through...

You need to at least do mailers for 3 to 6 months to get a CONTROL for your numbers and returns.You need to understand if you are getting a bunch of calls from the mailer than the message is affective you are just getting there TOO LATE from what the sellers are telling you.You have to analyze how you can get in early than everyone else.I use to mail to pre-foreclosures.Most investors were lazy and bought these lists from companies that assembled the notices.Instead I pulled the info from the court like these companies did.This gave me 1 to 2 weeks head start before most of the competition.Then by the time the others piece came in the mail I already had the property listed for sale.I beat out the mortgage brokers to refinance,investors wanting to buy,wholesalers wanting to lock up,loan modification companies,attorneys wanting them to file bankruptcy,other brokers and agents trying to list the property etc.Getting there first and becoming the authority in your area for doing deals is critical to success.Out of the 900 mailers you need to assign a code to those so you can log how many calls are generated from that mailing and how much deals are closed to get your return on investment.For my real estate listings I have people call sometimes 6 months to 1 year after I have been mailing them once a month.The key is to have targeted marketing so that you continously close deals in between the new contacts so you remain solvent and profitable.

Thanks, Dan Dietz USDA is an option but the problem with USDA is median income limits in order to qualify unlike FHA and VA which does not require your income to be under a specific amount.All loans that have low or no down payment has mortgage insurance that "may," necessitate a refinance at one point or another whether its included in the "rate," its financed within the loan like USDA and VA, or its both like USDA and FHA which has an upfront MIP (UFMIP) and a monthly MI as well.Even the conventional loan with 3-5% down payment with out monthly MI has a higher rate where the MI is built into the rate, called lender paid MI (LPMI).