@Alyssa BalamTo avoid foreclosure, consider various strategies such as refinancing options, negotiating loan modifications, creative financing, and exploring foreclosure as a last resort.

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?

A lot of homes have had bathroom and kitchen modifications without permits.

This could involve modifications to the units, which can add to the overall cost.

As @Paul De Luca mentioned, no modification is needed.  

Any chance of a rate modification vs a full on refinance which I'm sure will cost 10-20k?

First, I went to the lender and asked if we could do a loan modification instead of me shopping around for a new loan that might not be with them at a lower rate and for a modest processing fee they did that.

As for your lease, Section 8 requires a Housing Assistance Payment (HAP) contract, but your existing lease can often still be used, with some modifications to ensure compliance with Section 8 requirements.Who Decides the Rent?

I had a tenant who asked for modifications to the home after they moved in because they had mobility issues.

Plus “foreclosure defense” which was created out of necessity in the last crash is very useful defense in a judicial state to delay delay delay then get a low interest rate modification.