All borrower accounting from the servicer.The loan looks like it was modified, the remaining term is only 4 months into a standard term (360 or 30 year), it is assumed this is not a new origination since they would only now be considered defaulted, thus not a designation of 're-performing' it would simply be 'delinquent'.

Hi Bill, here is some off the top of my head.WholesaleDelaware.comDelawareWholesaler.comCrazyHouseBuyer.comInsaneHomeBuyer.comMassiveCashForHomes.comCashForYourCasa.comWeBuyDelaware.comWeBuyDelawareHomes.comWeLoveUglyHomes.comYou can also modify to .us .net .biz .info .orgThanks,Matt

When you say joint venture, you mean modifying the lease terms with the tenant after the fact?

@David Burton I'm not sure what is meant in your comment about an "optional contract", but your lawyer should understand the use of a straight purchase option contract.Perhaps his objection to the use of a modified P&S contract is that it is fundamentally a bilateral agreement (i.e., both parties are required to perform).A straight purchase option contract, however, is specifically designed to be a unilateral agreement (i.e., only one party -- in this case the seller -- is required to perform). 

You could also work with other owners and the HOA to modify the covenants.

This is not a rule that the bank can change or modify. 

But after that we decided that our offers would we would only submit our cash offers on deals where we were either going to use our cash or we had an arrangement w/ a private lender that did not require us to modify the contract to financing.  

Anyone out there with an existing Nevada Lease Agreement that we could modify to fit our needs?

In this case, I would modify that to: "How much can you afford to lose as a result of a 'good business' decision?"

I’ll be modifying my due diligence process to include checking on previously permitted work.