Co-Owners shall have the right to approve the hiring of any property manager, the sale or other disposition of the property, any leases of a portion or all of the property, or the creation or modification of a blanket lien.

Secondly, re-defaults can be minimized when working with the right borrower, and structuring the modification the right way.

I did follow your link from another forum, and from reading this valuable information, I concluded I need to run things by my investor to come to some agreement on modifications that will need to be made for this contract.

You need to know if they will sell, about how much they are behind, when the sale date is, who the lender is, have they done a loan modification before, and many more things like that. 

If this is someone with mobility issues you should try to accommodate since ADA might be applicable but in that case she would be obligated to pay for modification. 

For arguendo, let's assume a clause was never inserted by either party regarding a COA, and the city requests for minor modifications, what could legally happen?

FHA loans can also scare the seller as the FHA inspector can be as anal as he wants and delay the whole process over something like chipping paint on a windowsill that the seller must fix prior to lender approval.That said, being able to leverage the rehab money out of the lender is quite nice and on certain loan types you can get a ton of money (provided you can prove it with invoices, and you are not doing structural modifications, or whatever the requirements of the loan type are).

FOR LOAN MODIFICATION?

I am marketing to the following groups as well: -people with federal or tax lien-delinquent property tax-landlord filed eviction-divorce couple-probate-inheritance listI am sending out 2000 - 2500 letters each month.I have found a little success with the modification,I am in contract with a lead I got from landlord who filed eviction.My goal is to improve my system so that I average 1 deal or more per month eventually.My focus is target marketing (that's why I eliminate landlords who livein the same city of the subject property, I believe those are low potential leads)Any suggestion would be welcome.Thanks in advance!

Call me at [PHONE # REMOVED BY MOD] if you want to talk about the program.