The function of the clerk is vital to the proceedings of NC foreclosures.

HAMP was supposed to solve this issue with a standard set of guidelines.Serviers website for HAMP adminhttps://www.hmpadmin.com/portal/programs/foreclosure_alternatives.jspIt was so well put together a form letter was to go out to borrowers that did not get a modification the letter basically stated here are your options, one option included a short sale and $x price all the borrowers were to do was find a real estate agent to handle the transaction.

The act applies to originators and loan negotiators (forbearance/modification) dealing with the origination event or any event where the public negotiates with a mortgagee such as modifications.

Few modifications on my personal investment;1 paid cash so mortgage2 remodel cost ~$500 in paint3 property management being done by me, no recurring expense4 tenant covers all utilities Result, income = $1650/mth less costs of insurance, taxes and maintenance of about $400/mth generating a net of $1250/mth.

I posed two questions awhile ago I asked is there life after modification for investors, I had one faithful BP mod respond, second I asked this question 7 years ago of Henry Savage a columnist with the Washington Times Home Guide.

Read more on the biggest takers of public money during the Fed bailout here: http://www.bloomberg.com/data-visualization/federal-reserve-emergency-lending/Bank of America whistleblowers cited examples of how Bank of America employees were administratively giving the run around to borrowers seeking loan modifications or due process on their foreclosure process.

.- No permanent modification of property.

Here in Florida, loan modifications can only be negotiated by mortgage brokers and attorneys.

I offer this modification to what Bill wisely suggested.

This is vitally important if you are going to use this strategy.