The borrow made a number of partial payments and missed a lot of payments so I need a spreadsheet to calculate the balance due taking into effect the principal, interest and penalties. 

Say for 6 months in 2020 and 6 months in 2021 the mortgage on a SFH investment property was deferred under a CARES Act forbearance. 6 months into 2021 all the deferred interest and deferred principal were added to the back of the mortgage maturing in a few decades at 0% interest (the deferred RE taxes and property insurance were required to be paid back over 5 years at 0%.)The 1098s have the full RE taxes listed on each of them.

Just off the top of my head going out 50 years on a residential loan will result in such a minuscule principal reduction each month that it would be essentially back to the days of interest only loans.  

No late payments on any other monthly debt payments are allowed.Waiting period after a bankruptcy and foreclosure is extended to a mandatory 7 year waiting period after bankruptcy and foreclosure.Mortgage underwriters will require 2 years income tax returns on both personal tax returns and business tax returns and all rental income on all properties needs to be documented.Under 2017 Guidelines On Fannie Mae 5-10 Financed Properties, the borrower needs to have reserves of six months of principal, interest, taxes, and insurance on all of the borrower’s properties.

It is the basic principal of compounding.Once money is in a property it suffers a slow painful death.

My credit is good (over 700 and rising) and I only owe $130,000 on what would (after renovation) be worth close to $300,000 or possibly a bit more.

For my current job, and title; I owe him my success. 

FHA/VA loans are backed by the government up to a certain percentage, so in the event of default the lenders are guaranteed to receive a portion of the principal back. 

Depending how much you're owed you may want to consider writing it off as a loss and spend the time pursuing other ventures that are going to make you more money and not frustrate you.

The total mortgage payment, which includes principal, interest, PMI, real estate taxes, and insurance.