It is not like a short sale because you are not asking the original lender to release the lien - they are assigning it to a new note holder; getting the release of lien is where the lender stipulates that the borrower is to receive no benefit from the short sale.One of my BP colleagues who is also local to my area (and local REIA) has a company that does the bulk purchase of second position loans, and once they are the new note holder, in as many cases as possible they modify so that the borrower can perform.This does seem counterintuitive at first...And the key is in the post just prior to mine; the note is purchased at big enough discount from the original lender so that this can be made to work.However, it is also possible that this is part of a scam that takes on the appearance of something doable and beneficial - but turns out to just be a scam.

Sounds like Kevin's got his work cut out for him before he even needs to bother thinking about selling the cash flowing property to release funds for better investments.

I used to work for an Indian newspaper in Boston and actually had a meeting with some of the editors of the Associated Press's online press release division back in 2001.

Their investing focus now is on multi-family, self storage, and extended care facilities.

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A deed of release is a good example.

Will doesnt do extended funding anymore.

Then they extend a few days at a time.

They refuse to release any information to me without me driving the two hours to come to the station and pay them $5.

As soon as possible, get an authorization to release and contact the community bank to make an appointment to see the underwriter immediately.