Renewals are closer to a modification or amendment than a refinance. 

I'm purchasing the house without a financing contingency, so if my lender says "no" for some reason, I'm still stuck with the house or losing my EMD.I've had to point out to several highly experienced real estate agents in this area that no checking the boxes for financing is NOT the same as an offer that I'll be paying cash for.To OP, it's possible that your HML's POF letter is written sub-optimally and that some minor modifications would satisfy the seller/AM.

Hi Fellow BPers,This is a success story about helping homeowners and profiting from a non-performing note backed by a 1st mortgage in Washington, DC. Here is the story:The homeowners had a difficult 2011 when they bot...

The bank doesn't care if you are underwater but, because you are underwater, a potential sale will require a short sale so, you go through the exact same hoops that you would go through for a loan modification to determine if the bank will agree to participate in a short sale.

If you add in the two to three million loan modifications that were performed where the banks only reduced the interest rate for a fixed period of time (that are now starting to default), that leaves you with around eight to ten million deals to tap into.

My lease prohibits all modifications and improvements, but if the tenant proceeds anyway, they become my property.Reminding them of such, usually deters such changes.

Loan modification programs, such as the Home Affordable Modification Program (“HAMP”) are covered by the rule only to the extent that the modifications do not involve extending new residential mortgage loans or offering or negotiating the terms of a residential mortgage loan application.

But the next comment is "Repair or modifications to the stairway would likely not be practical."

Given the situation, he offered to quit claim the property to me (for a fee) so that I can negotiate with the bank directly for a modification.  

I have Horrible credit (580) and just finished going through a long ( 2 year long) home loan modification, witch was finally approved and finalized.