I believe something similar already exists right here on BP, with users being able to give somebody a reference at their profile.Josh and mods, please correct me if I'm mistaken.

They went through the trial loan mod but he did not qualify.

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This could take a very long time as mentioned.Since the property is underwater the trustee will not have nay interest in holding up a sale since there will be no excess funds to help pay off creditors in the plan.If the property had some equity to neutral they might try to squeeze a little out and wait for the highest offer.If the tenants have vacated as mentioned then the property might become heavily vandalized just sitting there.The bank is at the mercy of the court and how fast they move.Usually the file is transferred from the loss mitigation to the BK department with the loan asset manager.The owner could still try for a loan mod or other workout while in BK with their permission.The bank gets them to sign in writing if they want to pursue this route so the bank will not be accused of collection activity while in the BK automatic protection stay.I think you watch this property but do not let it take up a huge part of your time.

In the "pre" stage, you can try to work out either a short sale or a loan mod, but either way you are at the mercy of the bank and the owners.

I was listening to the most recent pod cast and thought I would just see what was available in my county.

Hopefully the mods here leave this one.

I’ve been listening to the pod casts over the past few months and I’m up to #41 or so now and I love hearing the stories and different strategies that everyone has.

I've pretty much been a bi-stander up to this point, meaning I don't post topics or comment very often but I do religiously read articles and listen to pod casts on a daily basis and have for quite some time now.My dilemma is this...

You can find the pod casts here:BiggerPockets Pod CastsI think they are great.