This would apply to a refinance also, since the original mtg would be eliminated, and replace.As @Tom Gimer mentioned, Ocwen usually services loans in default. 

when you attempt to modify a loan, do you reach out to the party directly or do you do it through a services or lawyer?

Heres a place we’re looking at now:Year 1 (us living there)Purchase price: $510kLoan: $492,1503.5% down payment: $17,8501 unit income $1700Taxes: $500/monthInsurance $190/monthDebt Service: $2552.48PMI: $479.85Maintenance: $75Management $160 (we’ll collect this)Vacancy: $80 (5%)CapEx: $100Snow/Landscaping: $100We’ll pay $2388/month to live here taking into account collecting the management fee hereYear 2 or 3.

I also run a side-venture providing custom property reports and due-diligence services.

Jon T Olsen with Diamond Home Inspection Services

You could try to find a collections service or lawyer who does this type of thing. 

You can elect to treat certain qualified real property placed in service during the tax year as section 179 property.

I guess the better question is, regardless of DIY or TK, and without having local knowledge or someone to assist you with local knowledge, how does one go about vetting the services of any given provider?

This is not the Marketplace, you cannot advertise your own services in this thread.

I look at deals from a few different ratios: DSCR (Annual NOI / Annual Debt Service) DY (Annual NOI / Loan Amount) Mortgage Constant (Annual PMT / Loan Amount) Cash on Cash return (Annual NOI - Annual PMT) / (Property value - Loan Amount) Cap Rate (Annual NOI / Value of the Property) all of those ratios I can calculate based on the questions I asked above.