But I don't see on my hp12c how to calculate the yield.here are the numbers on one of my notes (by the way we're trying to do a modification for the homeowner).balance of note - $30,000payment = 225.65 (we would offer a 40 yr amortization)balloon in 15 years interest rate 8.75%there are also $10,000 in arrears (actually more but I'm willing to forgive some of the arrears).

The reason banks require consent, notice and agreement is due to their liability in not only a SS but any loan modification, assumption or other action in that loan in dealing with those held responsible for the debt and redemption.

If there was a defect for high cost loan, through a modification you can have the borrower affirm to not be able to look back and use any event prior to the modification as a defense in the future.

Did he not get something that he wanted or is he trying to go back to a modification review? 

Or, the bank and the debtor may have worked out a loan modification or reinstatement, or postponement or deed in lieu or any number of things.

Non-owner occupied and out of state, divorces, modifications, estates, behind on taxes, behind on mortgages are some that I send postcards to every month or so.

The only way to merge those advance balances with the loan balance is through a modification of the loan.  

How often do you come across loan modifications?

I've served as an expert witness regarding poor performance relating to tenant maintenance of roofing, mechanical systems and tenant modifications without proper permitting.

Based on the pricing expectations of seller and a recent loan modification in 2017 of this 2nd note I would expect this to be performing but you would want to verify and review pay history since the modification.