Well hello everone I am Matt Fetick with Sold By Short Sale, Philadelphia’s leading short sale specialist, thank you so much for your time today. My team and I specialize in short sales in the Philadelphia area and I blog frequently to provide valuable information to homeowners looking to avoid foreclosure. If my blog today is helpful feel free to check out all the free information on my website including past blogs.

For my blog topic today I wanted to discuss selling your home when you have more than one mortgage. I have a lot of experience working on short sales that include multiple mortgages and we can still get you out from under your debt. Often times the selling price will be enough to satisfy your first mortgage but not the second and that is where our past experience helps out. A lot of homeowners in the past took out a second loan in order to cover their down payment or their private mortgage insurance. By focusing our short sale attention on your second mortgage we can make a case to allow them to accept less than what is owed in order to satisfy your second mortgage. Even if both of your mortgages are with the same bank we will still need to negotiate separate files in order to fulfill both loans. If you have more than one mortgage and you are currently underwater on your property please visit my website or contact me today to discuss your options. I would be more than happy to set up a free consultation over the phone to go over your specific mortgage situation. Thank you for tuning in to Short Sale Shift and have a wonderful day.