When dealing with a loan modification.....make sure you know the Real balance....not the balance they are making payments, as typically about 1/3 is “set aside” until the end/pay off....sometimes known as a “silent second”.

Many CPAs will not know how to utilize these real estate programs.If you as investors need to show financials and do some modification on the financials to collapse or whatnot, the CPA might or might not do it on their QB.

To add more detail- our client (seller) has a loan modification in place and has missed his last couple of payments.

They would probably have to read the old docs and write a modification. 

@Itteahad Zihan You can ask the homeowner to request a forbearance or a loan modification if you are just looking to delay the foreclosure long enough to close on your sub2 deal.

There are still modifications needed to conform to size of the kitchen.

The unit is basically open finished space if a tenant wanted to create a salon or make other major modifications, who would be expected to pay for the modifications.Thanks in advance for the thought leadership. 

Unless the seller would work to get a mortgage modification.

Large servicers don't charge people for modifications, but I guess since it's private you may be able to, but I'd do some research on that and any legalities. 

The lease is typed out but the modification are in ink.