Certainly refinance is a disposition strategy and should be explored. a Short Refinance is at the top of the list of disposition strategies for loans as it represents the highest best recovery execution next to paid in full.

Will, do you know the IRS' disposition on this?

From what I have heard Waypoint has 130 employees (that's a lot) and there business model mostly consists of earning fees (acquisition fees, rehab fees, management fees, disposition fees).

They usually have bank of America service it for them, which includes real estate disposition.

There are two primary disposition strategies when purchasing non-performing loans. (#1) foreclose and (#2) modify.

You might inquire with the state department of finance where the HML would hold a license and probably a bond and they may know a court case or disposition of the assets.

Since repairs and make-ready items typically are not handled until after the lease is terminated and the tenant has vacated, it would seem reasonable for the property manager to require the owner to handle those repairs and disposition of the security deposit, assuming the management agreement is terminated the same day the lease terminates.

The total return of the loan, depending on how you disposition the loan can be more than that since you have the discounted principal now function as a portion of your return.

Bought several from hudson, and one from each of the others. 95% of the time, these are still listed on MLS, the bank is just 'trying' an alternate disposition strategy, so you can still set showings and SEE the property.

For example, you could hire cold callers for marketing, an acquisitions person who meets with sellers, and a dispositions person who networks with buyers and closes the deals.