Call and ask for the secondary marketing department OR the asset manager in charge of that particular property.

There's conflicting information about the "Correct" way to prorate rent.At least some professional property managers state the correct way to prorate rent is based on a 30 day bankers month, regardless of how many actual days there are in a month.Doing the math, this arrangement generally works to the favor of the property owner/landlord, albeit slightly.I have also been told that certain states legally require rents to be prorated based on a bankers month.

It appears your number crunching of his post is accurate . there are some mistakes in my calculations as well. remember it is now past 11pm in the north east and that is not good for spelling or math.

Very easy to find the secondary department, servicing dept, wholesale marketing dept. residential servicing dept (whatever they want to call it) and go directly to the decision maker to discuss what they have and put an offer in.

So I found this article from Robert Schiller where he and one of his former students describe the possible markets for and math behind the concept of home equity insurance:Home Equity InsuranceI was wondering what everyone though of this concept.

There's too much involved to be typed out here, but I've done all the math and already know what will maximize before and after tax returns prior to the ballon, it's just risk adjustment that I'm still working on- We had a couple potential buyers look at it for the appraisal price even though it wasn't actually listed, so there's some interest/it's not a complete loss

Do the math and figure it out.

As far as renting is concerned that should have been a secondary exit you were prepared for in the beginning.

Pretty generous when you do the math, and you can borrow against it.

Creating a loan that has some additional secondary market value after modification is important or you might be stuck with the loan until they can refinance.