We paid $1.775 million for the notes, worked out a modification with the borrower, and received the first 5 monthly payments relatively on time.  

If your region's MLS doesn't use Paragon's undocumented API, the code won't work without significant modifications to the get_properties() function.

One is that a modification agreement can be reached and the debtor starts making payments as agreed to.  

You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.

NOT BEING AWARE OF A MUNICIPALITY’S REQUIREMENTS FOR PROPERTY INSPECTIONS, SEISMIC RETROFIT (LOS ANGELES COUNTY)In Los Angeles, seismic retrofitting, is the modification of existing structures to make them more resistant to seismic activity, ground motion or soil failure due to earthquakes.

People reinstate the loans and do loan modifications all the time.

Refinances, it is more obvious as there will be modifications to the property that are evident on the appraisal.

The vast majority are failing for code violations, non-permitted structures or modifications, etc. 

Each informed me of the need for a permit for any repairs, upgrades or modifications which would be then bring the record current and re-classify the property as a 3 BR.  

Oh, one other thing, @Wane Tango , I don't know your day to day schedule, but on a modification of the driving for dollars theme, you could literally place letters at people's residences.