Second Lien Holder News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thinks about it. he makes a living analyzing and helping in the creation of actual investment in our country. so many people, i'll play one of those people. i know the banks have been given all the accounting relief. the government has done everything they can for the banks. the banks, however, continue to ask me to service this mortgage that was now underwater. is it rational for me to think of walking away? >> it's rational to pick up the phone and call the servicer. >> let's say i've got a mortgage. then i took out a home equity loan to do a hot tub in the back. >> everything the government...

In seeing you pay, and they would rather you get -- pay them 80 cents on the the dollar, rather than walk away, having to go through foreclosure, recovering 40 cents on the dollar. >> the people who own the mortgage on my house have the same incentive i do. i can't afford the payment. let's walk away. >> the barrier is the second lien holder. the home equity loan. that came from jpmorgan. he knows if the first lien is written down. >> if the mortgage is renegotiated. >> he should be wiped out. so everything being done seemed to be being done to protect the banks again. >> which brings me to th...