It will obviously take a good amount of time to stabilize the property for a permanent conventional loan. 

This piece of property is separated by a road for both of us and it has a separate PID for both of us.So now with pending new neighbors I'm considering asking original owner if they would consider to give us a permanent right of way easement for access across their land.I know the easement would need to be prepared by an attorney, and also would have recording costs to both parties to add this to titles.Just want to know if anyone has done something like this and what you think is reasonable compensation to offer them, I of course would pay attorney fees and recording fees for us both.

Tenants on M2M should stay M2M permanently.

You will get a "permanent" residence AND passive income. 

Permanent residence is in my name as well as an auto loan.

Financing was construction to permanent financing (commerical) at 4.5%.  

Hi all,I live in Denver and my wife and I have found that there is a shortage of affordable rentals for permanent residents in ski towns.  

Modular homes are typically constructed at a manufacturing plant or facility, in 3 or more pieces, and then transported to a permanent site on a flatbed truck to be assembled on a permanent foundation.

This will avoid filing eviction, which is in YOUR best interest because an eviction would go on your permanent record making it very difficult for you to rent other homes.

You have to know where the file is at with the bank.Is it in the foreclosure department,short sale department,customer service,collections,or loss mitigation.If the loan is owned by a small bank they tend to do workouts differently than the large ones.Options will depend on if it is Fannie Mae or Freddie Mac backed or it's a conventional loan.The process of lease optioning back to him is not allowed anymore and these are strategies investors use to use along with assignments and other things.The banks after short sales have grown in the last few years have systematized everything instead of flying by the seat of their pants on each file which is how we did them 3 to 5 years ago.It used to be a person in the loss mit department that would handle all the short sale files as the others didn't really know how to do them.As files grew the banks started up whole departments and hired file originators who were laid off from the loan origination side and moved to the loan default side.The banks have riders on all these types of strategies now where you would be committing fraud if you employed them.Once they enact a rule with addendums you have to find a new way to do deals and change strategies.If this person has recovered then their best best is to go after a loan modification especially if they want to hold onto the property.I am seeing permanent loan mods where the lender will put back payments into the loan.ExampleLoan is 140,000With back payments,penalties,interest,attorneys fees etc. now 150,000 is owed.Interest rate was 5% but now has adjusted to 8%They will adjust rate down to 2% for first 3 years,then 3% for 3 years, and so on and when they hit 5% keep that rate for the remainder of the new structures loan.The borrower might have to bring a few K to pay reinstatement fees and as not all back escrows and payments can be put into the new loan amount.The lender would rather do this than foreclose and take a big loss.The 3 month trial plans are easy to qualify for but the permanent restructures I mentioned are harder to get approved.If they deny the borrower for the first loan mod then they can ask for another.Many servicers can offer 2 to 3 different types of loan mod plans depending on the situation.Why would a servicer do this??