They modify the loan so that it is not a second home loan or they fund your losses so you are whole.Maybe speak with a lawyer also as that will force WF to take notice.4.

Likely it will get modified or pulled.

Many companies would consider modifying the loan terms if the mortgage allows in case of hardship.If you sell the home to a friend there is no guarantee that you would be capable of buying it back in two years.

Never mind that we'll need to legally modify several million loans, involving drawing up new documents, collecting signatures, updating systems, etc.Oh and we'll just ignore those stodgy old servicing contracts that our investors try to hold over our heads - I'm sure they'll understand, after all Sheila said it was OK!

The average agent is not that well trained in understanding the meaning of many clauses so depend on the Realtor Board lawyers.You can use the standard form with a custom appendix that has all of the things you want to change, modify or add.John Corey

Understanding all the situations that could come up, then discussing them with attornies to modify the contracts.Nothing is better than experience.I might sound like a broken record, but you can only learn so much via a public forum like this.

Nevertheless, I find it very troublesome the feds can push to modify existing, legal contracts because one of the partys is having problems.

All things are relative with regards to any lease that is the so called "net" format vs those that are "gross" or "modified gross".The term net lease has been chopped up over the years to include "net - N", "double net - NN", or "triple net - NNN".N - generally refers to the actual property operational maintenance costs.NN - generally refers to the property maintenance and limited other costs, i.e. adding in insurance or RE taxes or some other limited set of items.NNN - generally refers to all associated property operational costs.For clarification a "net lease" means that the tenant is fully responsible for some or all of the property's operational items; On the other end of the spectrum is the "gross lease" which means that the owner is fully responsible for the operational items; "a modified gross lease" is a combination of the two and usually includes an expense stop for the tenant.Expense stop means the owner is responsible for all costs up to that point, i.e $3.75 per sf per year, and the tenant is responsible for the pro rata difference over that amount.

However, to be frank and honest with you, I'm not exactly sure why the IRRs tend to peak in years 8-10, I just know that they do, and I trust that all money factors have been taken into account in getting those figures.Each case is different, obviously, and are based on projections and not the actual real world numbers, but it gives you an idea going in of what your ideal exit time would be to maximize your return.MIRR addresses the concerns you have about false positives -- it is "Modified" IRR that takes into account the fact that the money kicked out by an investment won't necessarily earn the same return as the money that's still tied up in the investment.

_r=1&ex=1361854800&en=a0d3a8e949e5d566&ei=5088&partner=rssnyt&emc=rss&oref=sloginThe article begins as follows:"President Bush sided with banks and mortgage lenders on Tuesday, threatening to veto a bill being offered by Senate Democrats that would give more bargaining power to homeowners who face foreclosure.Opening what is likely to be an intense political battle in the deepening mortgage crisis, the White House said it strongly opposed the bill, which would let bankruptcy court judges modify the terms of a mortgage as part of the restructuring of a debt in a bankruptcy filing..."