It's relatively easy to get a borrower in default who wants to keep their home to agree to a workout they really can't afford over the long term.I have done quite a few workouts which usually include a loan modification, and I am very careful to ensure that the borrower can afford the modification terms I am proposing. 

It can be included in business proposals to grab the client’s attention by portraying its unique performance in the industry.

Motivated to stay, but not liking my proposal.

., my loan officer advised me that I might not get the most favorable loan terms.I'd like to propose a master lease to the sellers, but I am unsure as to who should cover the  cost of the general repairs, and frankly how to craft the agreement so that it is fair to both sides, and more importantly, attractive to the sellers.  

You most likely learned in the first year of law school that contract law is very different than regulatory law which is why as a client it is very important to hire the right kind of attorney for the need.Your statement regarding the penalties from the IRS is accurate, but ignores the other federal and state agencies that have primary and secondary legislation as well as rules and procedures that can and do affect the possibilities of penalties and fines.In the early days of RCG, we utilized a highly respected national law firm to help and advise us with the passage of the SAFE Act.

An idea that I might try.Write a simple skinny contract of sale one for each propertyMake the contract subject to and contingent on third party assignment.Subject to lien and judgment report (you need to know what is in the chain of title)Get good comps, you need to know the estimate market valueNeed to determine the estimate potential equity Once you get a list of liens, attempt to negotiate a discount; write an option to purchase the liens at the negotiated discount.Negotiate with a local auction company to sell them at public auction; auction them all in one day.The auction should be a "reserve" sale, the reserve is UNDISCLOSED TO THE PUBLICThe terms of the auction; as is, all cash and subject to the approval of lien and judgment holders and record ownerUse banking days in your contract (gives you more time to close)Make certain you use an auctioneer who sells real estate regularly and has a god reputationQuestions to the auctions company; how often to you sell real estate, where would you advertise the sale (news papers, internet, radio, etc. for how long will you advertise, can you give me an advertising proposal, how much advertising cost will you charge me, how do you get paid 1. flat fee, a buyer's premium, seller commission, do you cooperate with agents, how soon can you have the auction, what size signs will you install (sign on the property should be large, maybe a banner on the buildings), how many directional signs will you install, what deposits would you recommend (too high of a deposit will discourage bidding), will you mail post cards to selected areas, will you hand deliver brochures to businesses in the area, will they be black and white or color, will you give me a list of all inquires receivedYour should preview the auction company's disclosures and contractsAuctioneer should disclose and announce at the sale that the sale is an assignment sale.Auction sales should be conducted in front of the house, inspection should be one hour befor the live All high bids should be taken (even if the price is way lower than expected, this gives you and opportunity to negotiate with all  in the chain of title

Another management company that was run by a licensed RE agent also was proposing to take 20%.

Hi @Mary Meyer, most contractors in my area will install a base (the depth of which will be determined by the condition/type of soil at the proposed site, usually 8"-12") of very well compacted 3/4" or 1/2" gravel which is blended with smaller aggregates all the way down to a sand-like size. 

This has allowed them to place only the very high ration (5% down payment) and riskier borrowers with CMHC.BTW: CMHC's limits were increased a few (3 - 4) years ago, by the previous government, as it had bumped-up against the legislated liability limit they were allowed to carry.

I also get an e-doc signing system, leads, and lots more2) Greater opportunity to monetize leads, since I offer an extra solution (listing) than most wholesalers and can position my proposal to best meet their needs, vs. my needs if I'm a 1-trick pony3) It's another way to monetize your real estate activities, w/o involving your own capital beyond reg. operating and marketing costs.4) I pay 0% commission on my side of my MLS transactions.