Hi cowbotinva welcome and thank you for joining.
Quote:
| Does anyone know if its true that AHMSI is not doing any loan mods on the 2nd loan? The lender on my 1st is ASC. I would appreciate any feedback ... thanks! |
No I have actually seen many 2nd mortgages get modified, but it is much more difficult then to modify the first.
Many lenders are willing to settle 2nd mortgages for about 5-20% of the remaining balance...