Negotiate a Short Payoff with your Second Lender
Many homeowners have seen their options obliterated by seconds which hold out for too much money or offer no relief at all. Don't commence workout strategies without knowing how to handle junior liens.
If you have two loans you probably should not go into default until you first discuss your options with an experienced California Real Estate attorney.
Utilizing a proprietary combinations of strategies we have forced potentially uncooperative sold out seconds into a corner. After the seconds realize that their borrowers have or are willing to invoke powerful anti-deficiency laws the negotiators for the lenders have come to us. We then offer them just a few cents on the dollar to release their liens and settle the entire loan in a Short Payoff. Once a short payoff is obtained on the second loan, myraid options open up for the the borrower. What would you do if you no longer had a second. Would you stay in the house? Would you seek a loan mod? would you still do a short sale? This program is particulary important for borrower with a strong salary or assets to protect. This program also makes sense for people with relatively large payments going to the second loan.