Lokesh: if the home is owner occupied now and the owner is paying more than 31% of net income for PITI, than she could be eligible for a modification if the lender participates in Making Homes affordable. there are other in house modifications as well.If the homeowner qualifies the minimum payment could be as low as 31% of the owners gross income if you calculate a 40 year amortization at 2% for 70% of outstanding balance with a 30% balloon at the end of 40 years which will have no interest or payments for 40 yrs you will see what a minimum payment could be .

This simply lessens their ability to recover the outstanding amount.

With a $200K loan outstanding, you could get another $200.

•The property has no mortgage, free and clear•Outstanding taxes paid by other tax lien investors total about 12K My thought was to be creative with the deal.

Factors are considered, ability to pay, value of collateral, time and terms, credit evaluations of the borrower and ability to secure the collateral, dispose of it and receive amounts to payoff the outstanding amounts due.

THE FOLLOWING OPTIONS ARE NOW AVAILABLE TO YOU:1.Pay in FULL the outstanding past due balance including late fees and lot rents due through the current date by 5 PM Thursday, May 24, 2xxx.

I agree that Biden took it but by a few hairs really, Ryan had an outstanding performance and served his base, Biden was correct on foreign affairs (war areas) more so than Ryan and the domestic areas.

There's an older thread on this topic that has a bunch of links:http://www.biggerpockets.com/forums/56/topics/71209-free-knowledgePersonally, I think these online courses are truly outstanding.

I attended his seminar, and he's outstanding.

So, by having credit capacity but less outstanding current commitments the lenders sees more free cash flow.