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Hello,

I have a past client that wants to get rid of his 2nd lien and attempt to stay in his home. He can afford it paying for the first but the 2nd is what is killing him and a loan mod won't really help much if he can even get one since they say doesn't make enough money. I recommend he contact his bank and offer a settlement of 5%-10% of the debt to get rid of it. Has anyone had any luck with that?

Thank you in advance for the help.