[havasufem]

...current. I do not want to lose house......? I am in AZ and need some help in finding out what my 2nd lien holder can do when my first is current. I have no plans of foreclosing, all I really want is for the 2nd to convert my fixed 8.8% to prime +, so at least they get their interest. I have tried talking to them, all they say is they will waive fees and add back onto the end. HELP! If I lose the house my elderly mother looses hers to. It is a duplex, we both are on 1st and only me on 2nd. Probably do not have any equity either.I really want to know how they can foreclose behind a current 1st. If I could afford to pay even that payment I would! They only have an 11.7% interest in the house.

[Komaraconsulting]

If you have some cash to put down alot of them are taking short payoffs for about 10 cents on the dollar. Most of these 2nd mortgages are bad assests on the banks books so they will try work something out with you if you talk to them