Second Mortgage Settled.
Aug 08, 2013OUTCOME: Mortgage Settled for about 25% of the debt.
Second mortgage was in default for over a year. Bank notifies their intention to foreclosure on a about $20,000 debt. After a three month negotiation, the bank agreed to accept $5,000.00 in three payme ... nts over a period of 90 days to settle the debt and release the mortgage.
