Southern California 2nd Mortgage Settlement Lawyer
Can I Settle My Second Mortgage in California?
Much like credit card settlement, settling a second mortgage involves an agreement between the mortgage holder and you that it will accept less money than you currently owe. In return for this lump sum partial payment, the holder agrees to reconvey the deed of trust (lien) and to fully release any claim they may have against you regarding that debt, which bars them from coming after you for the unpaid portion in the future. This allows you to have the mortgage released for only a small percentage of what you owe on the note.
On This Page:
- Why Would a Lender Agree?
- Underwater Homes / Negative Equity
- Will I Still Face Foreclosure?
- Is a Second Mortgage Settlement Right For Me?
Dial (800) 996-9932 to discuss your situation in detail with our Southern California 2nd mortgage settlement attorneys.