You can foreclose, modify the loan, approve a short sale, get sued because original lender messed up the origination, fail to keep insurance and lose it all if house burns down, etc.

I have two tenants who do not get their retirement checks until the 3rd of each month and have asked me to write their leases to modify the date rent is due; I have with absolutely no problem receiving the rent from them.If they are receiving social security (and will be using this for rent) it is not unusual that social security can check these checks out on the 15th of the month.However, if they are asking to move in on the 1st but will not pay you until the 15th; I would not agree to that.Gail

Modified inspection contingency: If you choose to keep an inspection contingency, include language that suggests that you won’t back out or ask for credits unless a major issue costing more than X,000 to repair arises.Other than that, larger earnest money deposits, looking at cheaper, older listings, writing personal letters, and escalation clauses might help too.Anything you can do to convince the seller that you can close the deal at a higher price than all cash buyer will help your offer win.Good luck! 

You may be able to get them to reinstate the loan, or you may need to modify it. 

For our other tenants, as well as for my fiancée and I, having an additional presence in the house certainly modifies the living experience.

Even one block over does not qualify.On a HUD bid only the bid price, closing costs and selling agent commission can be modified. 

Unless you modify the note, the borrower's interest expense is based on the original amortization schedule.   

go through the standard process of background checks etc and be sure to charge the usual application fee.i would just modify the lease. the original tenant is still there. make sure they are aware that they both are responsible for eachother.if the rent is $1000 a month, u dont care if they do $500 each or whatever. the last thing you want though is them thinking that one of them can pay you their portion and still be able to live there regardless of the other person paying theirs. when rent is due, and its not paid in full, make sure that they are aware that th eviction process will commence.

I am not a Realtor trying to take a listing or a loan modifier trying to charge you thousands of dollars.

_______________________________________________________AssignorDate_______________________________________________________AssigneeDateExample 2:ASSIGNMENTOFCONTRACT TO BUY AND SELL REAL ESTATEFOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are acknowledged, the undersigned (“Assignorâ€) hereby assigns to_____________________________ (“Assigneeâ€), whose address is______________________, all of Assignor’s right, title and interest in and to the Contract to Buy and Sell Real Estate dated ____________, 20__ between ___________________, as Seller, and Assignor, as Buyer, as modified by__________________________________________________________________________________________________ [describe amendments, if any, or insert “no modificationsâ€] (collectively, the “Purchase Agreementâ€), including but not limited to any right Assignor might otherwise have or acquire to return of any earnest money deposited by Assignor.Assignor represents and warrants to Assignee that (1) Exhibit A attached to this Assignment is a true and complete copy of the Purchase Agreement, (2) the Purchase Agreement is in full force and effect and has not been modified in any way (other than by any amendment or modification referred to in the definition of Purchase Agreement above), (3) Assignor’s interest in the Purchase Agreement is free and clear of any prior assignment and of any lien or security interest, (4) Assignor has good right and lawful authority to execute and deliver this Assignment and to assign to Assignee all of Assignor’s interest in the Purchase Agreement, and (5) no party to the Purchase Agreement is presently in default with respect to the performance of such party’s obligations under the Purchase Agreement.By accepting this Assignment, Assignee assumes and agrees to perform all of the obligations of the Buyer under the Purchase Agreement, including but not limited to any obligations to be performed after closing thereunder, and to indemnify Assignor against any loss, claim, damage or expense Assignor may incur by reason of Assignee’s failure to perform the assumed obligations on a timely basis.Signed and delivered as of _________________, 20__ .