how about home equity loans larger than 1rst mortgage

[lydiam]

I am curious how some people that are having hardships are getting out of there second mortgage by just paying 10% of what they owe. I am trying to get a modification on my loan but i owe less on it than on my home equity so the firt mortgage citi says i should sell and can't help. i have not contacted the bank where my home equity is because i still have little left that i need to pay bills for the next couple months then i don't know what i will do. How can they write off the balance on those loans and does that go against your credit if they do. I quess coming out 100,000 ahead would be worth a credit hit. I just wanted a lower interest rate with both loans put together and 30 years to pay so I could afford to keep my home