Yolanda Thomas
Purchase Home Affordable Modification agreement
I need help structuring terms to buying (if possible) a residential home that has a HAMP loan.The loan was started in 2012 and has a balloon note due 2035. Owner has made payments on time but is in late 80's and wan...
Caleb Whitney
NOD's holding out for Modification
I've received about 10 calls so far from my NOD letters and about half of them are holding on to the idea that the bank is actually going to modify their loan. I just want to laugh when I hear this knowing damn well ...
Andrew Coulton
Covid-19 loan modification options
Hello,
My fiance's mother is self employed where her income has reduced by more than 50% due to Covid regulations in our state. The loan went into forbearance in April and now the bank has offered 3 options:
1. Sho...
Sherry E.
wraps balloons and loan modifications
sold a house in 2010 before Dodd Frank was law. The loan has a balloon on it due very soon. Buyer is unable to refinance out. Ideas anyone? Can the loan be modified ? thanks
Jesse Sumner
Dodd-Frank modification vs. refinance
I am researching an issue with regards to a loan with a balloon payment that is maturing. I have been told that under Dodd-Frank if a note with a balloon payment is renewed with the exact same terms it previously h...
Marcus Gantevoort
Gut Rehab/Floor Plan Modification
Hello,I'm looking to purchase a older home in the Canton area then, I would like to renovate and change the layout into a MFH. I'm more worried about the permitting process/architectural plans. Is there any reason Bal...
Art Maydan
Tenant Wants To Make Modifications
My tenant wants to install a TV mount and potentially move the cable hole in the wall. I think the mount is reasonable, but he can just run a longer cable and deal with the cable hole where it is. What do you think? H...
Dave Oneal
Loan modifications questions help please
I’m looking for assistance or knowledge on loan modifications
My friend has been working with a lender to modify their loan and it’s been going on a year
They did try to make a payment on their loan after their har...
Kevin Hoodwin
Negotiating Non Preforming Loan Modification
Howdy y'all,I was curious how the community negotiates and communicates with distressed note homeowners. Do you use a servicer, lawyer, yourself, etc... to communicate with these homeowners? I appreciate the assista...
Dan Vleck
lease modification on day 3
Tenant said on 3rd day after signing lease that we have to modify it because her handicapped dad wants to move in. It's a 4/2. I approved them knowing 5 people would occupy, 2 adults and 3 kids. Can I request addition...