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snapple candy · 07-03-2009, 08:40 AM

I just talked with my real estate attorney and discussed my options in the event I want to walk away from my house regarding the 2nd with Chase. He says the best case scenario he has negotiated is 20% of the total debt of 2nd. Ie: me 30K 2nd for 6K. I also discussed a deed in lieu in exchange for just walking away. I have heard of others negotiating on their own 10%.

07-03-2009, 08:40 AM	#7 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,307 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Second lien modification I just talked with my real estate attorney and discussed my options in the event I want to walk away from my house regarding the 2nd with Chase. He says the best case scenario he has negotiated is 20% of the total debt of 2nd. Ie: me 30K 2nd for 6K. I also discussed a deed in lieu in exchange for just walking away. I have heard of others negotiating on their own 10%.