I know the reduction in price might seem a little more attractive but keep your capital and allow your tenant to take care of the monthly cost.   

.………………. 309Tax Reduction Process………………….……………………………... 310Property Tax Case Documentation………………….…………………. 311Resources and Tools for Tax Consulting……………………………… 312Lease Option Consulting………………….…………………………… 312L/O Business Model………………….………………………………... 313The Licensee Approach………………….……………………………. 313The L/O Investor Approach………………….………………………... 314Rating the L/O Tool………………….………………………………… 315L/O Concepts………………….………………………………………. 315Investor Assignment Technique………………….……………………. 316Lease Option Pitfalls………………….……………………………….. 316Chapter 14 Making Money with Land……………………………… 318The Land Business Model………………….…………………………. 318Land as an Investment………………….……………………………… 319Raw Land ROI Rule………………….………………………………... 319The Advantages of Land………………….…………………………… 320Cellular Phone Tower Leases………………….……………………… 320C.P.T.

To "hedge" your equity position you need to reduce principal.Look at an amortization schedule at a loan amount over 30 years, the principal reduction is minimal in year 1 and barely increases in 5 or 7 years.

The reason for the delinquency was either (a) layoff due to reduction in force; (b) medical emergency or (c) death of the primary breadwinner; and3.

Are you talking about a principle reduction refi?

THEN DO REAL NUMBERS and it is likely your analysis will build a solid case for price reductions or other concessions.

I went down a few years back looking and it's really rough stuff I wouldn't touch no matter the price.I think it is way overpriced and you need to get a reduction to take this on.

My wife's a realtor, and from what she was hearing from the banks, they have specific guidelines for pricing properties and when to do price reductions. 

Are they euphoric because days on market is very low and there is hardly any price adjustments or are they optimistic but willing to capitulate to reality because days on market are long and multiple, sizeable price reductions have occurred repeatedly in the neighborhood?

We recently appealed our property tax value, we were successful which lowered our tax due by $8,000/yr.  What impact should that have on the value of our commercial property (retail building)?  Thanks.