If it's a small local lender they may allow you to catch up payments, a large one that will be more corporate, probably won't, either may consider a short sale, but it's getting late.You don't want to do anything to encumber this property at this point, like a construction contract for repairs, too late so don't go there.Work on getting a loan, hard money or what ever to pay it off, that's your best chance.However, doesn't sound like a deal unless your rehab can force appreciation, they'd get nothing, 15K is slim buying, fixing, holding and selling again, you'd really need to add value for more. :)

I always do with my tenants and I view it as a selling point, they are dealing direct with the landlord and not with the employees of some faceless corporate landlord who could care less.You say you cannot tell whether the prospect was interested.

I am now a CPA, I work full time for a large corporation, but I also have a side job bookkeeping for a family which owns multiple properties in the Boston area.

I am now a CPA, I work full time for a large corporation, but I also have a side job bookkeeping for a family which owns multiple properties in the Boston area.

Then I realized that if I were to become CFO and reach the pinnacle of the corporate finance world, the only difference would be me spending my days in a slightly larger office, reporting to slightly different people, with a slightly larger salary.  

My background is in sales, marketing and business development and hers in corporate human resources.We will likely be joining both Pittsburgh-based RE groups (ACRE and REIA) to begin networking.

I've been told I would make a fantastic broker... however, I am extremely self-motivated and to be blunt, am tired of letting the actions of others (or a corporation) control my financial destiny.My short term strategy is to begin wholesaling to generate cash flow; long-term I am interested in building a mobile home park portfolio.

Corporations do protect you from some forms of liability generally, but not from liability from personal acts. 

If he does a blanket loan, he would simply put them under a corporation name and that would free those up.Here's the other thing though?

CPAs have had additional training and education in taxation and corporate work and they are required to sign off on financial statements of public companies and non-profit corporations.