2nd Lien Elimination
Hybrid Loan Modification the NEW Mortgage Balance Reduction Program
NO UP-FRONT FEES and a FREE consultation. 100% Satisfaction Guaranteed!
Pre-Foreclosure Service will negotiate the 2nd lien to an estimated 10% of the balance (Homeowner pays the lender, no title transfer).
This eliminates the 2nd lien and enables the home owner to either:
- Modify the first (Short Sale will also assist in modifying the first lien mortgage)
- Or do nothing because the first is at Fair Market Value and they now can afford their home.
The homeowner only pays Pre-Foreclosure Service after they accept the terms. If the home owner is not pleased, the homeowner pays nothing.
The costs for 2nd lien Elimination are:
- 3.75% of the balance of what Pre Foreclosure Service eliminated
- EX: 100k 2nd / 10k to settle 2nd / 90k eliminated 90k X 3.75% = $3,375.00
- Ex: Total Costs for eliminating 90,000.00 of the 2nd lien = 3,375.00
Pre-Foreclosure Service will also pay for referrals. Please ask if you’re interested in becoming a referral fee partner. No license requirements.