A little more info.....The property disclosure said there was replacement/mod to roof in 2007.

First, I do not nor have I ever done loan mods.

Good Morning Everyone, I'm still new to Bigger Pockets and the community and have recently been combing the forums and starting to listen through many of the great pod-casts that seem to be available.

Since she was already working to do a loan modification, I told her we probably wouldn't be a good fit but if the loan mod didn't work or something changed and it got closer to foreclosure to give us a call so we could work our program as a last resort.Our company has a watch list set up with the local trustees office database so when a property has an update, we are notified by email whether it's a postponement, bankruptcy stay, cancellation, or the minimum bid amount if it goes to auction.

You will find resources here from blogs to pod casts and forums.

You will find resources here from blogs to pod casts and forums.

You will find resources here from blogs to pod casts and forums.

Foreclosures being canceled have gone down for the second month in a row despite the loan mod program.3.

You should listen so some of the pod casts that are available as well as explore the tool bar for information that you would be interested in.

Can't count on auction proceeds as an exit option for these.Exit costs are too highCost to hire an attorney or trustee to forecloseCosts to hire an attorney to draft a loan mod agreement, satisfaction of mortgage, etc.I'm also hoping you guys could provide some insight on the seller's motivation.Why would somebody choose to sell a note on FCI?