That figure was something I heard on a YouTube pod cast... old BP podcast with Thach Nguyen.

Cost of corp. in CA is high too.Its been challenging finding an attorney that really understands will & trust, many don't even know about POD.

@Gil Ganz and @Chris Seveney Do either of you differentiate between an original note or a loan mod? 

Ex Class A: 10% pref, no upside beyond that (1st priority after debt service) and Class B: 8% pref with 80/20 split after that.I've modified the model that I typically use to handle it, but don't love all the mods I've had to make.

Modify (or trial mod) the loan.  

@Scott CarsonAre you really able to do loan mods 50% of the time, that seems very high and not what I would expect over a 9 year period.

So in this case, the debt is not cancelled and the borrower has no tax liability.With FCL sale, the collateral is removed as security for the debt, and any deficiency between funds received and funds owed is debt that can still be collected via deficiency judgment.For debt forgiven as part of a loan mod, this seems to me that it would qualify as debt forgiveness. 

To help out I provide free laundry detergent (tide pods) and fabric softener which cost me 40 cents per wash.  

I finally listened to the, loud and clear quick tip reminder, to introduce myself here and not only listen to the pod cast.

Sure thingThe episode that Account Closed talks about the payoff of a home loan in 5-7 years that I reiterated is on the cash flow ninja pod cast  - Cash Flow Ninja Podcast # 114The concept also spawned the CMG mortgage product (out of irvine, CA) called the HOA (home ownership accelator) loan which they they renamed the AIO (All in One) mortgage or loan.