Additionally, foreclosure levels were affected by our directive to servicers to delay foreclosure sales until the loan servicer verifies that the borrower is ineligible for a HAMP modification and that all other home retention and foreclosure prevention alternatives have been exhausted.

After code modifications approached $90 k additional without architectural costs.

Do the people working at the Recorder's Office know you as a shister by all the quick claim deeds you file as deeds-in-lieu, or are you filing more loan modifications and renewals?

I do these transaction also, but before i do, i make the seller very aware of ALL of their options, (Foreclosure, Shortsale, BK, Modification, (some of these are not options, i know) hopefully you get the picture.

Be aware that 50% of modifications re-default.

Staying active and engaging the community is of vital importance to your success and education in RE.

I strictly forbid them from any self-repairs or permanent modifications to the property too in my lease.

Funds are paid, representations and agreements are signed and the note is assigned with an endorsement and filed.Usually a buyer will ask for a package of documents, I'd want to see;Copy of the note and deed of trust, Commercial deal, a copy of the settlement for the transactionA list of inventory collateralized and copies of the UCC filingsA copy of the first lien as filed with terms and payment requiredPayment history of the note, with verification of receipt/depositsCopies of any loan modifications or extensionsAppraisal on the property at sale on RE and equipment if anyA letter simply desiring the intent to sell with a description of the note with the book and page county as filed.

But understanding that risk and balancing it with more and safer investments is vital.

The condo is in FC with sale date of March 20th 2014.150k loan + 28K in arrears with bank + @ 4 K in arrears with HOA.The condo is worth @ 50K -55KThe bank will do a in house modification to extand the loan and maybe fixe the interest rate to 3 or 4 %.What are your recommendations?!