In reality, that’s not always the case.I’ve seen situations where:A loan modification gave the homeowner breathing room.A repayment plan reinstated the mortgage.Equity allowed them to refinance and reset their financial footing.For me, this was a mindset shift: foreclosure doesn’t always have to mean “lose the house.”

The fact that the tenant does not have to pay to restore modifications that were made for their benefit. 

In talking with them, each unit will require two parking spots and depending on permeable/semi-permeable  options, will require storm water modifications.

I believe it's on them to pay for any modifications, and restore upon move out.

In many cases, it involves:Helping owners explore options like loan modifications, forbearance, or refinancing.Working with lenders to negotiate timelines or repayment structures.Educating homeowners on alternatives they might not even know exist.From what I’ve seen, a lot of homeowners assume that talking to someone about foreclosure automatically means they’ll be forced to sell.

My understanding is that ALL loans are now required to have a conference with the lender to see if a Loan Modification will work.But, here is the difference: if you're talking about buying at auction, that is clearly defined and has a straight path.

Help them explore loan modification options to stay in the home?

@Tricia York - These days I start by running all such lease modifications by ChatGPT to get my concept and language right.

Always.It's not the Realtor.It's not the Seller.It's not the Appraiser.It's not Zillow.It's not the News.Only the buyer.Doesn't matter if it's 70% of it's ARV.Or if it's $100k over asking.So having the right buyers is themost vital piece of a successful RE career.Your on the right track Adam, but missing 1 vital link in the chain, which makes for a very important modification in this: It's is the buyer, and always the buyer, who ESTABLISHES the market/selling price. 

Public notice of pending litigation.60–180+ days before auctionAPPOINTMENT OF TRUSTEE/SUBSTITUTE TRUSTEEMortgage lender assigns (or replaces) a trustee to handle foreclosure.30–120 days before auctionMODIFICATIONBorrower is trying to renegotiate loan terms to avoid foreclosure.Can happen 30–180 days out; often before NODREINSTATEMENTBorrower intends to catch up on payments to stop foreclosure.Usually 0–60 days before auctionBANKRUPTCY PROCEEDINGSFiled by borrower to stop foreclosure.Typically filed within 0–30 days before auctionABSTRACT OF JUDGMENTCreditor has secured a judgment lien — may be precursor to lien enforcement.60–180+ days (depends on collection)County clerk documents like lis pendens, mortgage loan modifications, and similar filings can reveal signs of financial distress in a property.