http://www.modificationprofessor.com Start Now with Modification Professor! 3 easy steps to home preservation. Advice your lender doesn't want you to know! Tue, 16 Jun 2009 17:08:57 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://www.modificationprofessor.com/2009/06/market-tempature/ http://www.modificationprofessor.com/2009/06/market-tempature/#comments Mon, 08 Jun 2009 23:32:57 +0000 admin http://www.modificationprofessor.com/?p=229 One question I get a lot pertains to what is going on in the market at any given time.  Recently I was contacted by Jillian who used ModificationProfessor to reduce her 2nd mortgage.  In just two weeks she was able to negotiate down her $100,000 2nd mortgage to $6,500.  That sounds amazing I agree.  The reality is that 2nd lien positions have little leverage when it comes to foreclosures.  Therefore they are willing to settle for much less.

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