Question: how does the junior deed of trust owner get the senior to modify there loan when the note owner disappeared?

If my guy loses Biden was just talking about pushing that BK CH13 crap through that will allow judges to modify loans and reduce principal.

Since you already have one set up, all you have to do is modify your operating agreement to reflect a new direction of real estate investing.

.- My modified AGI is over $150,000 - so it appears that I can not take this loss whatsoever.- I acknowledge that I can carry this loss forward as an offset to any gain I have in my sale, but I believe my gain isn't subject to tax anyway if I sell it by August 2006 - because my wife and I will have lived in the home for 2 out of the last 5 years at that point.- This situations get exacerbated in my 2006 situation because I am paying the mortgage and taxes without any occupancy and apparently without any tax benefit!

Some economists advocate a modified flat tax and it goes something like this:Every person pays X% of their taxable income to the government.Every person receives $YY,YYY FROM the government.There is no minimum wage.For argument's sake, say that X is 25% and $YY,YYY is $10,000.

I might "modify" that advice just a bit and suggest you buy a house in a neighborhood/location you know will be a good rental in a year or two and use the owner occupant "benefits" to purchase it.

A great little tool.Then once the bureaus figured out the scope of the practice, FICO modified their models, so it no longer has the scoring impact.

.$5,000 Out of Pocket90% of Value/100% of CostConstruction to Perm loanOnce construction is complete the loan modifies into a 5/1 ARM with no additional fees/costs.

From my understanding I can go directly over this with a latex modified mortar and set the tile right on top...The floor is sound and level.

In general, at the Federal level, business purpose loans, owner occupied or not, are exempt from TILA and RESPA, as modified by Dodd-Frank.