How to Satisfy an HSBC Recovery Dept 2nd Mortgage!

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Uploaded by on Feb 9, 2010

This weeks Preforeclosure Tip of the Weekcovers how to get a 1st lien holder (Saxon) to allow a 2nd lien holder (HSBC) more money than the "soon-to-be" standard $3000 that the government is allowing on the new government short sale program.

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  • I am on unemployment and have made 6 HAMP payments on a trial basis. saxon just informed me that there was a "new" law passed.....unemployment people can not qualify or HAMP or "any" bank modifications....is this true. SAXON IS TRYING TO FORECLOSE ON MY HOME. I collect 1800.00 rental income , my home is a legal two family.

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