Also, you could modify your lease and/or have this tenant sign a pet addendum, to require an extra security deposit and an extra fee each month for pet rent.

When the bank tells me this net number I usually try a verbal counter and tell them that I can supply a modified purchase agreement, HUD1, and POF as well.

Imputed rates are not hard to overcome, market rate interest for the type of loan made, but the terms of the deal can be modified. you can also defer interest to a future dat and then sell short, maybe market values dropped to justify the deal.

You can always go back to the note holder and say you would be willing to pay an additional amount to principal if they will modify the loan.

It is a business opportunity to getting distress owners to modify their loans.I need a recommendation to buy or forget this guy?

Also, I'm not sure what type of balance reduction or interest rate reduction could be acheived, which leaves the situation very ambiguous.This means that if I took over the property subject to the loan being modified, the cash flow would be over $1000 per month.

I have a spreadsheet in the Files section of the site that does this (or can be easily modified to do anything in this realm)...

The bank modified the terms from 30 to 40 years at a locked 3.5%.

Hi guys, I have a EXTREMELY motivated seller who I am looking to do a sub to deal with, at the moment she is right in the middle of getting the loan modified.

Some companies including mine (Farmers) will allow for a modified homeowners policy where you are renting out a room(s) in your house.