I'm planning on a temporary modified rent solution to be paid on later months. 

If there is an issue, modify the note while in escrow with the attorney as a condition for assignment. :)

It really walks you through step by step and allows you to easily modify and create milestones for the future.

A business loan that was from one of my companies shows up on my credit and when the business had a hard time paying the rediculous rate after only 1 month it automatically shows as a chargeoff on my credit..even though we modified the payment and eventually paid the whole loan off.

We ended up modifying our plans and are now building a 30 x 38 triple garage, and after the refi we'll convert one bay into a couple stalls for animals.

It is not added into the principal balance unless the loan is formally modified.

Realizing I have my own brain I reevaluated all the information I had absorbed over the first 6 months and came up with my own modified approach.

I have an opportunity to buy a re-performing first note at a 40% discount to principal The note has only 2 payments under a recent loan modification The interest rate is 5% and the principal is about 10% above appraised value The note has been serviced and modified thru a national service company .

Of course, people could modify the language to state that they were taking the blinds or wanted the drapes left, etc.  

They are a waste of time.I just modified my craigslist ad, offering a $250 gift card if someone rents it starting 1/1.