I am a cash buyer.I am an experienced licensed general contractor, so I am not afraid of property in really poor condition (including fire damage), or properties that require major additions or modifications, second stories, etc.

I also spoke to a few contractors that said that I don't need the city involved as i'm not adding anything to the building just making modifications. 

The owner was in foreclosure but I helped the owner through the modification and now finally approved and modification papers signed.

However, I noticed that the price to rent is comparable to the fixed monthly costs (mortgage, taxes, insurance, condo fee) if I were to purchase a place, and I would have control over making modifications to suit my needs.

Your servicer should be able to handle loan modifications. 

We no longer will need to personally check each post, as our new modification will take care of this for us.

Some were specific to subject to's, others were modifications to the usual forms.1) Warranty deed - Stated deed was being given free and clear of all liens except the one left in place.2) Title insurance - Listed the existing loan to be left in place as an exception.

Most I have seen use a fee agreement with the NCND on the commercial side.The fee agreement has a disclaimer that they are not a securities dealer,financial planner,mortgage broker,etc.It simply states they are a business consultant and xx number of points will be paid from the closing to be put onto the loan.Basically a fee for bringing two parties together on the commercial side to do a transaction.This can be for energy,gold mine and other deals as well.The key is full disclosure.Residential is highly regulated unlike commercial.On the commercial side everyone is trying to slam in deals before the government wants to "regulate something" and stick it's nose where it doesn't belong.On the residential side you have the Georgia Residential Mortgage Lending Act which ALSO states you are NOT allowed to counsel people with loan modifications etc. unless you are licensed.So as said the feds have rules and the states have rules and you have to make sure both are covered.

Government’s HAMP Program (Home Affordable Modification Program) is about to expire.

The mortgage  company offer his mother a temporary  modification.