Cara  -  Interesting idea to do a loan mod. 

I agree, @Cara Lonsdale.

Originally posted by @Cara Lonsdale:I think you got the right answers from people, but just to reiterate....Lenders consider each contract individually, and most likely they have a 'no assignment' in their addendum somewhere. 

Originally posted by @Cara Lonsdale:Welcome @John Cordova and thank you for your service!

I think that @Cara Lonsdale hit the nail pretty close to the head on this one.From my experience, for a residential (1-4 unit) loan, the bank is going to use standard underwriting practices including DTI (unless they are going to portfolio the loan, in which case looking at DSCR would be the wisest choice in my opinion).However, just to clarify a bit:My experience is that they are going to do a personal DTI, not a property-only DTI (again, unless they portfolio, in which case they can do whatever they want).

Cara's post right before me is my favorite in this thread.

Cara Tapken Big box banks don’t deal directly with the public.They have policies of either selling at auction or on the mls.

If they do, the lender can come after your mom for the shortage.I'm with Cara, I'm not sure how a purchase for $514K ends up now owing $700K (if I understand correctly). 

If real estate is your priority I would get rid of the car as soon as you can replace it.

., @Cara Lonsdale and @Reed Kelly, @Rod D. to remind me of separating charity and business.