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    Cheryl21's Avatar
    Cheryl21 Posts: 3, Reputation: 1
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    #1

    Jun 7, 2010, 05:17 PM
    negotiating with 2nd lien holder
    would they ever offer a one time settlement? What is the best way to negotiate with the 2nd lien holder? If so , what would be reasonable? 1st is 360K, second 260K , property value 425K. I am willing to settle for 30K , one time payment... Based on this, do you think they will take this offer?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jun 7, 2010, 06:48 PM

    Are you close to the property being foreclosed ? How behind in payments are you?

    Is this a short sale offer ?
    Cheryl21's Avatar
    Cheryl21 Posts: 3, Reputation: 1
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    #3

    Jun 8, 2010, 09:56 AM

    I live in property. And Iam not behind on payments. Iam trying to stay in my home this is why I would like to make a settlement offer on my 2nd.
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