A contract for deed can be modified, and a promissory note and mortgage ( or deed of trust) substituted.  

I can agree with you on a certain percentages of notes...especially if you are owner financing a property or just lending out money at 12% and you get refinanced out or the property gets sold.With me buying NPN's, occupied assets at usually below 50% of Fair Market Value, and if I can get the borrower to modify, then when and if they do refinance out, then it helps me "double down."

@Blake Yoder,My preference...Either skip step 1 or swap 1 & 2, then modify #2 so the first two read like this:1.

I thought about that as a avenue fund the developing of the land to raise value.3) If all were to go right and I can modify the Land to increase value, is it possible to have the land "re-zoned" to instead of build one home, we can now build 3?

key=pfsaXr8yUN2SbBUeByGKzRg You'll need a google account in order to make a copy and modify it.The numbers three are for a specific deal in another thread.

I come into contact with homeowners on a daily basis who are trying to #1--modify their loans to something they can afford to keep their house; and #2--sell their home in a short sale to avoid foreclosure. #1--Loan modifications.

If tenant is helpful in the process of getting friend out and it’s done by the agreed upon date then I will probably offer a new, modified lease that will be month to month.

Everywhere in the current times is going to have some form of modified COVID/eviction rules, so I wouldn't make that a sticking point to location.

Confirming if a wall is "load bearing' before you consider removing it or modifying it is wise and will give you a more realistic budget for your rehab. 

Knowing all that would you still recommend I modify my gosls?