ZipDebt Launches SecondMortgageAdvice.com to Help Consumers with Toxic Second Mortgages and HELOCs

Today I’m proud to announce the launch of our new website. We are up and running at SecondMortgageAdvice.com. We’ve built this new portal so that people looking for assistance with problem second mortgages can easily find the site and get help. Our country seems to be on the front end of yet another debt-related tidal wave (nearly $1 trillion in second mortgages, most of which are grossly overvalued on the banks’ books), so I’m quite certain that we’ll see the usual barrage of marketing efforts by shady operators in this arena. There are big bucks at stake, and consumers fearful of losing their homes or getting sued post-foreclosure are vulnerable to scams and schemes.

Since 2004, we’ve pioneered the “do-it-yourself-with-coaching” approach for resolution of credit card debts and achieved a track record that others can only wish they had. More recently, we have been applying that same approach to resolution of toxic second mortgages, with successful results. Just as with negotiation of credit card debt, the best approach with second mortgages is to keep control over the project yourself, but with guidance and coaching from a seasoned professional as you work through the process. This way you’ll avoid costly third-party services that will not obtain any better result than you can on your own.

If you’re looking for help with a second mortgage, please stop by the new site. We have individual pages for each of the 50 states, and as we accumulate additional data on trends for individual states, we’ll be adding to the content continually.

2 Comments

  1. mo
    Posted December 8, 2011 at 4:33 pm | Permalink

    My second mortgage last mont charge off and Gmac is the new lender. i talk to them last month and they were ready to settlement on 10% but i receive a letter from them today, they are ready to forgive my complete loan.
    is it true? i haven’t heard anything like this before.

  2. Posted December 9, 2011 at 8:05 am | Permalink

    Mo, this would be unusual, but it can happen in some situations. I would need to know a lot more about your circumstances in order to give a solid opinion. Please email me directly at charles@zipdebt.com for further discussion, thanks.

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