Be VERY CAREFUL with this. There are a LOT of Scammers out there posing as investors, ready to whisk you away from your troubles by "assuming" your high loan balance to turn around & do a lease option to a potential renter, telling you that everything will be OK, when all they plan to do is collect lease option money from a would be tenant/buyer and then they run off & you still have the loan in your name.

I have heard just about all the scams. If you have a Notice of Default filed against you, that is public record & any one can come along & offer you strange & suspicious terms.

If you'd like to email me and let me know what kind of approach this person is using, I can tell you if it's something you should say NO to, if it's a scam or if it's something worth considering. I don't mind lending you a helping hand.

emilyknell1@yahoo.com

You need to discuss with lender. It most likely will. I would not sign anything before mod is fully completed and even then you may have some occupancy time requirements. The concern would be if these folks defaulted causing you to default and the lender investigates and determines you were not occupying as agreed, which could be considered fraud. If you determine that you can sell it, I am happy to assist you guys in facilitating the transaction for a reasonable consulting fee. You are always welcome to contact me with any questions without any cost or obligation. Best of luck!