The company also has reminded Servicers of its existing suite of mortgage relief options to assist borrowers, while also making additional disaster related loan modifications available.These measures are effective immediately and apply to borrowers who are unable to make their mortgage payments due to a decline in income resulting from the impact of COVID-19, regardless of whether they have contracted the virus.Forbearance plans provide borrowers with payment relief for up to 12-months and suspend borrower late charges and penalties.

The gurus don't tell you how to address these issues.If a borrower is underwater and gets behind, they have better options with modifications and short sales.

For instance good property management is also so vital as they will either make or break the investment.How may properties do you currently own?

If you have a good Inspector, and Property Manager then you don't need to be local it just makes the team you have vital to your success and everything has to be verified.Why are you jumping over to Dallas while you have already started in the Indy market? 

Link to FCC SiteI would tell tenants to contact me prior to installing satellite dishes to determine if there is a low-impact way of getting them what they need and that unapproved modifications to the roof, exterior walls, etc will be considered damage for which they must pay.

So I had Peak make a deal that I would except that and forget the mod if the borrower would pay up all missing payments and get current. roughly $4kThey had told Peak that they had all the payments that they didnt make ready to pay but were nervous about the loan mod, were confused, didnt understand, etcetc. 

Now, D-F may apply to any modification as that is an extension of credit when you make that loan.

Peter you are correct, I said 60% work out but that really includes Modification, forbearance, DIL and cash for keys.  

This is vital when using a turnkey to ensure there is no deferred maintenance.

Or maybe you want to do a modification and get the borrower back on track.