2nd Mortgages: Pesky or Painless
Monday, September 22nd, 2008 | Real Estate Investing, Short Sales
By: Josh Cantwell
Why is it that negotiating with mortgage companies can cause us to want to pull our hair out, yet when we find a deal that has 2 mortgages, we are ecstatic?
Weird, right?
On the surface, it seems insane that we would be excited to have to negotiate with 2 mortgage companies on 1 deal. But the beauty of a second mortgage is that you can create equity that didn’t exist before to turn an “ok” deal into a “great” deal.
So I just wrote a new article on how to successfully negotiate with a second mortgage while also dealing with the first.
Click Here For My 2nd Mortgage Article
I also give step by step instructions on what to offer, where to place certain closing costs on the HUD, and how to negotiate with 2 mortgages at the same time, creating huge discounts.
Click Here For My 2nd Mortgage Article
To tell you the truth, I love deals that have 2 or 3 mortgages! In my article I’ll explain why, and I bet you’ll grow to love them too.
2 Comments to 2nd Mortgages: Pesky or Painless
Jerry SimmonsJosh, I’m working a property right now that the 2nd has already approved $1K for their $97K mortgage! I love big seconds!
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