Cash is King – Upside Down Mortgage Solutions

July 28, 2008

Upside Down Mortgage, Keeping Your Home and One Professional Loss Mitigation Negotiator



Here is an email I received about keeping you home if have an Upside Down Mortgage!

Read all the way through and see the update at the bottom!

Hi Brent,

I am searching for answers! I hope you can guide me.

Right now there are at least 6 foreclosed homes on our street of only 24 houses.

We can pay our mortgage payment, but in Sept. our payment is going up because our escrow account for taxes was reviewed and came up very negatively. WAMU is having us make up the balance starting in Sept. for 12 months.

I had started refinancing but my husband was laid off one day after I started.

So bottom line is we can still afford our current payment with my income. Our payment is going to more than double in Sept. My credit is not good. My husband’s credit carries the mortgage and two small credit cards which are always paid on time, and his credit is good, but he is unemployed.

I’ve read your info about short selling, but we want to stay in the house. I am beginning to think that we are SOL.

We bought our house for $273,000 and the foreclosures are listed at $169,000 for a better comp than our house. They are not selling because we have very high taxes and a special assessment.

Any ideas?


Here is my Response!

Hi Tina!

Thanks for the email!

Your situation is a tough one and never easy to deal with!


Let me start by saying, it doesn’t matter how many foreclosures you have on your street or how upside down on your mortgage you are when it comes to finding a solution.  Many times people assume because there are other REO properties on their street that they can’t do anything about their own situation.

I would gamble to say the opposite holds true, This should give you leverage if nothing else!

As you know, Banks/Lenders out there don’t WANT to foreclose on a home. Sometime it feels that way to people but mostly banks can’t seem to get out of their own way not having the right systems in place to handle the volume they are dealing with.

Knowing that, we should leverage that scenario as well and only use professional loss mitigation negotiators who have bank contacts because most call center people at banks/lenders can’t make decisions and often times just flat out don’t want to help!  The professional loss mitigation negotiator has the right contact who has decision making authority and that in and of itself is priceless in this type of situation.

When you hire a Professional Loss Mitigation Negotiator you will be paying for both knowledge and contacts.

The services they provide consist of the following:

1.    Short-Sale Negotiations

2.    Short-Refinance Negotiation

3.    Note Modification Negotiation

4.    Pre-Foreclosure Negotiation

These services are worth every dime you pay for them because of the financial and credit impact caused by not having hired out this service.

Often times people try and handle this situation by themselves and see minor results IF ANY!  Know one thing, a “Freeze” isn’t the best form of Note Modification.  This is typically the first thing offered by lenders but it isn’t the only thing that can be done in most cases.

, you only have two ways to make that happen.
1.    Short Refinance
2.    Note Modification

Each has their own unique approach and can be handled simultaneously by a single Professional Loss Mitigation Negotiator.

So Tina, My long-winded answer sums up nicely as, Hire the Professional Loss Mitigation Negotiator.

I have attached the contract for this service if you want to look it over and please ask me LOTS of questions so I can help you get through this.

Please don’t ignore this problem or wait until it’s too late.

As always, I am here to help!  Let’s get through this together.

Brent Lane
The Lane Group


It has been months since this post has gone out and in that time I have had over 2,000 people contact me regarding their upside down mortgage situation.  There isn’t a one size fits all solution so I have taken my time to respond to these folks the best  I can.  My Recent program is all about Short Refinancing and people are again lining up to be walked through the process.  Go get the free video below and I will show you more about short refinancing.

My email: Brent[AT]

Tell me your story and I will help the best way I know how.


“Refinancing SECRETS for an Upside Down Loan that Banks Don’t Want You To Know because it will Cost them THOUSANDS of Dollars!”

Learn More about Refi Secrets for Upside Down Home Loans!” Watch the Videos I Created at THIS LINK!



  1. […] Upside Down Mortgage and Keeping Your Home and a Loss Mitigation Negotiator Possibly related posts: (automatically generated)Upside Down on your MortgagePrivate Mortgages […]

    Pingback by Turning an Upside Down Mortgage Right Side Up! Part 1 « Cash is King — July 29, 2008 @ 5:49 am | Reply

  2. Refinance does not solve the problem of a bad mortgage signed at the first place. But it might still be a relief from it. So it can certainly be considered.

    Comment by Debra — August 2, 2008 @ 4:42 pm | Reply

  3. […] More information on a Professional Loss Mitigation Negotiator can be found at PROFESSIONAL LOSS MITIGATION NEGOTIATOR […]

    Pingback by Hiring a Loss Mitigation Negotiator for Your Upside Down Mortgage « Cash is King — August 13, 2008 @ 12:53 am | Reply

  4. What are the secrets to keep my home?

    Comment by scott — August 21, 2008 @ 9:39 pm | Reply

  5. Besides paying your payments on time my report has some additional ideas! I sent it to you my report so I know it helps!

    Let me know if I can help with any additional questions.


    Comment by brentlane — August 24, 2008 @ 11:10 pm | Reply

  6. Please submit names of possible negotiators in the Inland Empire in Southern California

    Comment by Janice Ortiz — September 7, 2008 @ 10:44 pm | Reply

  7. Hi,
    My family is in a horrible situation like many Americans. We are in a upside-down mortgage. We owe $220,000 and our house is only worth $120,000. My husband was in a car accident and we aren’t able to pay our mortgage. I have called the lender to ask about loan modification. They say they can’t do that. I have called other mortgage lenders to refinance and all have said we have no equity, so they can’t help us. We can’t sell the house for what we owe. Our family has grown and we need a larger place. There are larger rental houses for less than what we are paying for our mortgage. We have considered bankruptcy, but we are awaiting a settlement in six months or so from the car accident and if we go bankrupt the lender can take all of the settlement. We can’t afford to make the mortgage payments either. Please help with any advice. -Jennifer

    Comment by Jennifer — November 1, 2008 @ 5:23 am | Reply

  8. Hi Jennifer!

    Thanks for the comments!

    I have sent you an email in response!

    No equity means that the AVERAGE loan offer doesn’t know how to help and MOST retail lenders don’t either.

    Look around or give me a call! I will help you find someone.


    Comment by brentlane — November 4, 2008 @ 9:46 pm | Reply

  9. do you always have to pay someone to negotitate an loan modification in order to save your home due to loss of income or illness. They are asking for 1,500.00 up front to help you out but will refund all monies if they are not sucessful, I need to know if it is a scam of what.

    Comment by sheila — November 9, 2008 @ 7:31 pm | Reply

  10. You can try to negotiate on your own BUT you take a big risk.

    It would be like going to court to defend yourself at trial, it can be done but is it a wise choice.

    When you hire someone you are paying for an attorney to be on your side, someone who understand the process and paperwork and you pay for someone’s contacts at a bank. All of these things are worth every penny you pay for them because the damage you could sustain to your financial and credit pictures might be devastating.

    Let me know if I can help

    Comment by brentlane — November 12, 2008 @ 8:38 pm | Reply

  11. […] second solution is to chase after a note modification.  This is simply an adjustment to terms of the mortgage to make the payments more affordable.  To […]

    Pingback by Short Re-Finance vs Loan Modification | Truth in Foreclosure — December 31, 2008 @ 4:31 am | Reply

  12. I’m a investor and need a good short sale negotiator. Are you available?

    Comment by Jack — May 3, 2009 @ 2:47 am | Reply

  13. We have been contacted by Manhattan mortgage regarding having our UpsideDown mortgage renegotiated using TARP funds by a group of private investors. We are going to have to use our monthly mortgage payment to pay the fee, which we feel will be worth it to get it back to normal and not lose our home. We were financed with a now defunct mortgage company and handed over to BOA which I understand has its own problems from other mortgages. What are the chances of this group being able to get our mortgage negotiated down to normal. We owe 212,000 on a 130,000 house. We simple cannot afford the payments anymore. We have been told we qualify for the income to outgo ratio, but am afraid to get behind on the payments by using the one monthly payment to pay the fee for the negotiating. Can you advise.
    Thank you.

    Comment by Lee — September 20, 2009 @ 2:11 pm | Reply

  14. I am now studying to take the NLMS test. I’m in So. Calfornia. This is new to me as I am a Certified Appraiser needing to get away from the HVCC ‘death to appraisers’ rule.
    I want to find out as much as possible on Short Refi’s. as that is what I’ve been contacting potential clients about. The 2 possible short refi files I’ve worked with have been turned down by the original lender. What can a ‘negotiator’ do for the LO, broker and client to get these refi’s to work? As you can tell, I’m just a bit frustrated. What does it take to become a ‘negotiator’? Are you a Broker? Where are you located? Are you Short Refi’s being worked out with the original lender to fruition? Thank you……Sylvia

    Comment by Sylvia Cole — June 23, 2010 @ 9:03 pm | Reply

  15. Hi Brent,

    We bought our home when the price was really high. Now it is under the value. We were thinking of refinancing to get the lower interest rate but the appraisal came back much lower, not enough to cover the 80% loan to value. Is there any way to negotiate with the lender to reduce the principle or the loan? Thanks. Ana

    Comment by ANA — February 1, 2011 @ 8:59 pm | Reply

  16. Hi Brent,
    I have a rental property thats upside down only by a few thousand dollars. I was told by my bank I could not modify then loan because I dont have a 80% LTV. I’ve spent 30k last yr on this home in mortgage payments because of deadbeat renters. I’m totally fed up I want to refi to a lower mortgage payment or short sale it what should I do.


    Comment by mark — April 6, 2011 @ 2:51 am | Reply

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