Three ways to get rid of a second.Pay it offNegoiate it down and get it releasedForecloseWhat you get, as far a s a release, will depend on what kind of second lien it is.. a cash loan can obtain a deficiency.

Search for "Deed of Release".

I extended onboard at my current command and advised my Landlord that I would like to remain in the house and we verbally agreed upon a month to month lease.

I bet there is tape on the operation, after it is screened (taking faces out of operators) I hope it is released, but don't hold your breath!

To do this you need to get an authorization to release information signed by the homeowner.

@Michael SessaYes, DSS can release the lien, there may be a case number referenced on the lien, title companies can coordinate the release.

(Although I can tell you that David Sims in Dallas, TX used a pre-release version of the same private money list to raise over $1 million from 3 lenders back in February.)All of these lenders are members of MyHouseDeals.com, and they filled out a form saying that they're looking to lend private money.

My fuel tank is about 15 gallons, so I use three quarters of a tablet each time I fill it up.

I wouldn't ruin my credit for 250 bucks a month.I highly doubt it would take 10 years to reach a payoff you could handle.A residential recovery and workout of toxic loans is at max about 3 years away on a national level with some areas performing and recovering much faster.Why not go to the bank and say rents have gone down and I am struggling.Ask for them to renew the next time at 3 or 4% interest.That will make the gap smaller and go up in rent just a little but not much.Yes insolvency will wipe out any 1099 phantom gain as long as your liabilities exceed your assets.Most local banks all have you sign a personal guarantee.They consider it YOUR WORD as a vice president has told me that you will honor your contract (one of my clients short selling an apartment).The bank said at that time they DID NOT want to short sale and favored instead writing the interest rate down and extending the loan another year at a frozen rate and see what happens.Banks do not want to DUMP everything like people believe.They only cut out properties they see as having no chance of a recovery in the future or a liability if the took back (war zone,environmental issues).In that case they will usually sell the note if it has environmental issues or they don't want to foreclose.I would try the options I have above instead of ruining credit.

In that article, the lawyer pokes holes in Corelogix's findings, but does not address what made the transaction in question in the article a case of bank fraud.I did find the FBI's press release about the case in question:http://www.fbi.gov/newhaven/press-releases/2010/nh021910a.htmAlso, the actual case document is here:http://www.mortgagefraudblog.com/ee-assets/my-uploads/NATERA.pdfThe code cited in the complaint 'Bank Fraud' is here:http://www.law.cornell.edu/uscode/718/usc_sec_18_00001344----000-.html§ 1344.