BLOG UPDATE: Make Your Monument Second Mortgage Disap

Make your Monument Second Mortgage Disappear

As I gain valuable experience in becoming a debt relief negotiator for my sellers who are upside down on their home, I've learned some amazing information that can help people who may not want to move but feel saddled with a massive second mortgage or home equity loan (HELOC).   Our goal is to help home owners improve their financial situation and support property values in the area.  Many lenders freely gave out huge 2nd mortgages to pay off unsecured debt, knowing the home may not have supported the value of all that debt.  Some lenders provided 100% financing with an 80% first mortgage and a 20% second mortgage so people could buy homes in any price range with no money down and avoid paying private mortgage insurance premiums.  Although, home buyers qualified for those loans upon purchase, the market values in Monument, Colorado Springs and Woodland Park have plummeted to nearly 2001 levels.  And, in some cases, those loans were interest only - meaning the loan balance stayed the same or they were on adjustable rates where the payments went up - sometimes almost double the original  With 1 in 4 borrowers having trouble keeping up that huge debt servicing, it may be a while before market values improve in the area.  I have a great solution to the mountain debt for those borrowers that may need some relief.  As a Certified Default Advocate, I am trained to help home owners make their 2nd mortgage just disappear, even if you want to stay in your home.

For more information, please call 1 877-457-5544 for a free, no-obligation consultation.


Posted on: Thursday the 26th of January 2012.
Total views: 379
Written by: Barb Schlinker

1 Response

  • deb johnson Jan.29.2012

    I would like more information pls., if you would Barb Schlinker. thank you Deb