He says that this property should be easily sold between 200 to 225K.I asked him that some comps are around 140K and he mentioned that we will do some high end rehab with some modifications(adding extra bed room) which should give an ARV ~225K.

Later today I am contracting (knock on wood) a guy that owes $170k after a loan modification on a house with an ARV of $160k.

The homeowner is currently working with the current bank/investment company via modification which hasn't actually started yet.

The property could be a great wholesale or rehab.The sellers were given a letter stating they could initiate a short sale (a loan modification was denied).

Even if the credit report shows that the Senior Lien is delinquent, the borrower may be completing a loan modification that's not reporting to credit.

I admit though ours only works in a certain range and we have a fixed closer in that range, I don't know if that is a special modification or not.For the parking I tell them you are going to start towing and only tenants in the driveway.

After this modification, it will will FINALLY cool the room effectively.Overall, not a wise investment.We replaced one in the bedroom with an LG unit about 10 months ago.

Non-bank mortgage servicing companies specialize in the following servicing functions: Calculating, collecting, and transmitting a mortgage loan borrower’s principal and interest payments; Managing mortgage escrow accounts; Collecting insurance claims; Distributing servicing advances; Managing delinquent mortgage loans; Assessing loans for modification and other loss mitigation activities; Overseeing foreclosure proceedings; and Managing and/or facilitating the sale of real estate owned (REO) following foreclosure.

My family has been here for multiple generations and has always been very involved in the area, including on the real estate front, so I have deep roots in and love for the place, and come by my interest in real estate honestly :-) Professionally, I'm an interior designer specializing in high end residential design for successful, busy professionals, and aging-in-place/universal/accessible design, for those who either need it now or (preferably) want to plan ahead, just in case, knowing that at least 68% of us will be disabled in some way eventually, or who know they have some health issues for which they know they will eventually need to make some modifications to their homes if they want to continue to live there. 

In your experience, what price modification might be appropriate for this house?