We definitely will restructure once we’ve got a few flips under our belt.

You have to be willing to get your hands dirty by either rehabbing, remodeling or restructuring (i.e. adding a room to a property with plenty of square footage to get higher rents) the property and then deciding if you want to play the LTR, MTR or STR game.Best wishes.

This might involve debt restructuring, seeking alternative financing, or even offloading non-performing assets.

Depending on the demand in your area, this could potentially generate enough income to cover a portion of your mortgage payment.Negotiate with your lender: It's worth reaching out to your lender to see if there are any options for restructuring your loan or modifying your payment plan to lower your monthly payment.

A cash out refinance is a 1st lien position restructure of the entire mortgage that allows you to pull equity out as a lump sum and all is provided at closing.

In the case that you do not have that necessary cash yourself (for a down payment), you could still offer a second position to an investor for that down payment and then restructure for a longer term with less interest later.

Ultimately the borrower sold the property before sale so it was a non issue but had they not, and had we continued with default, if we did not restructure the foreclosure (difficult), we would have more than likely had to wait until sale, suffered a loss, then filed a title claim (Time...time...time...) to hopefully be made whole. 

Or you can hire someone that has an agenda that charges you fees to restructure your problem into likely a new one.It's up  to you.

In a chapter 13, the debtor is required to submit a chapter 13 plan that proposes a repayment plan over a term of 3 to 5 years and allows the debtor to restructure debts or other obligations. 

They just hired a boatload of new people and restructured a few of their services, so members won't have long delay response times anymore.