Friday, February 12, 2010

great Mod on 2nd mortgage

Got a great Mod on a 2nd mortgage. negotiated $168,000 2nd down to cash settlement of $16,000. Now just to fully disclose, the client was very late, there was no equity on the house, and we've been working on it for a year and a half. But, what the heck....10 cents on the dollar isn't bad!

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