I'm working with a client who has BOA as his note holder.

Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

I hate, hate, hate the idea of bad food sitting anywhere, and cooking with dirty stuff.

Actually, the lender is a FORMER holder of the note, so unless they somehow encumbered that note (you wouldn't buy it if they did when you know your plan is to do as stated in the OP) ... well, you as the new holder of that note, can modify it as you see fit (within the limits of applicable laws).

This will eliminate an easy path for ants to access food and water sources.

It is very lite and fluffy,,harmless to pets and humans,even rated as food grade edible.It is abrasive to insects only, scratchs there endoskin and causes them to dehydrate.

Kevin,I use the generic rule of thumb to sell when you have a better place to put your money.In your case, you could sell your two places and then reinvest in other properties with much better cash flow.I have learned over the years with both real estate and stocks to sell when I have a better place to invest even if it results in selling at a loss or less than my initially projected sales price.Just food for thought for you.

Up to $6,000 for each lien holder, plus another $1500 for "administrative costs".

The same metal frame sign holder that agents use is inexpensive at Lowes and probably HD.

Like I said earlier, it depends on what actions, if any, the note holder has taken.Procedures from this point forward vary from state to state, so you need to contact a lawyer in the state this note is in.