I'd consider this a deal, though its not a TRADITIONAL way of doing a deal. How I removed my 2nd w/o bankruptcy or short sale

Are you ready for this DG family? You are about to be blown away with what I tell you. And, if you are in a situation where your home is considered underwater on Zillow, regardless if Zillow is right or wrong, you may also be able to do this to. AND, you do NOT HAVE TO BE BEHIND to do it. I was always current.

So, I've had this goal of eliminating my 2nd on my primary home since I began my journey. And, although I've been working hard and am turning around a company that was once so negative and had lost massive net worth due to the RE market turning around, I wasn't making a dent in this goal (some, but not much considering my balance). Until now.

I'm almost afraid to reveal this to you. I have essentially played by the banks rules, frustrated because I could NOT get a loan for the life of me with my situation of showing negative for so many years, and all my efforts being useless to the banks; even the portfolio lenders told me I need to show a profit on my tax returns before I can use them (P&Ls will not suffice as well as all the new efforts; UNTIL they're on the tax return); although they applauded me for the massive steps I've taken and progress I've made, they still would not give me a loan. Credit in the 750s-800s is literally useless to me.

So, I took this problem to heart, and instead of dwelling on it and allowing it to rule me and be a big negative looming over my head and stopping me from pressing forward in RE, (you know what I’ve done with RE since ), I took over and used the banks ratios, calculations, and standard procedures to my advantage. I read about 2nd liens being stripped through bankruptcy and when buying homes, so I thought, why don't I try to do that for me; only I won't file for bankruptcy and I won't be selling my house. Sounds way too crazy right? It will NEVER happen is something I heard, a couple of times. But I heard THAT before with a few *cough* *cough* *sputter* *sputter* *cough* things along my journey, haven’t I?

I've been holding this in, because I actually wanted to SEE it on my credit before I posted. Well, its there today! I got word 2 weeks ago from my 2nd lien holder on my primary mortgage that they ACCEPTED my proposition to strip the lien for 10% of my original loan balance. So, I have to come up with $34,900. Yes, I am stripping a lien off my property for 10% of what I owe. You can do the math, but it essentially adds up to several hundreds of thousands of dollars of debt being removed from my liabilities, plus takes away a liability burden of over $2100/month from me and my family!!!

I don't know about you, but I call that a WIN/WIN. Banks never lose, they've gotten interest from me pretty close to what I still owe, they don't have to worry about another 'underwater' house, and the government will pay them for settling. I’m told sometimes these settlements will show paid in full only; sometimes they'll say 'for less than owed', but they would not allow me to negotiate that. I could not get a mortgage loan anyhow before, and it nicked my credit 45 points; so its 711 now instead of 750-800.

BTW, not once did I make a late payment, so when these companies (BANKS) tell you ‘you must be behind on your payment), that is ABSOLUTELY not true!!!!

Double BTW. Did you know, I’m doing a balance transfer to my credit cards, who will charge me a WHOPPING $250 (actually, they messed up a transaction they were doing, so the credit card WAIVED that altogether....) to use their money at 0% interest for over a year….

I know I'm going to get bombarded with questions, but what I will do is recommend the person who helped me achieve this. My goal is now a reality. I no longer have a second mortgage on my home. Is it the way I’d planned it or intended it? No, just like the refi out of hard money didn’t go as planned….. but I can’t complain…

Different banks are settling for different amounts on the dollar right now, so if you have what Zillow considers to be, an underwater house (owe more than Zillow says its worth), regardless if Zillow is right or not , and you have a 2nd mortgage, I just may be able to help you overcome that issue a little or lower your first mortgage with principal forgiveness. I have the best proven contact to do it!

Every day, in EVERY WAY, I am becoming a better and better person.

It is CERTAIN I will CONTINUE to SUCCEED!!!!