Something else is to speak with wholesalers, possibly find a mentor, learn vital skills to complete wholesale deals and use that as a way to build up your cash flow.

As for your buddy, issues are bound to come up if your at it enough ( in my opinion) but like others have stated, screening is vital!

It reminds me of a note modification my dad did years ago.

Another issue can be with contracting for repairs, obtaining permits, representation in legal aspects involving the property, obtaining special credits on assessments, such as a sewer going through.The concept could be followed with a modification that includes default aspects more like a deed of trust agreement.

Many banks have loan modifications going on, but from many conversations with a friend who works in loan mods at Chase, these programs are not designed to help investors.

I would only get a chunk of it, and gain vital knowledge around the process.I typically make non-contingent cash offers (no inspections, no mortgage contingency etc), however, the concern over the septic system issues could not be overlooked.

Things move very quick here, so it's vital to have the right team in place. 

We're in DD on a FL NPN  and see that the borrower has requested and received Mortgage Modification Mediation in their Ch 13 BK in Florida's Southern BK court.

Additions or modifications do.

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