My clients have a second, originally with WaMu, but was then passed on to a recovery group. They will release the lien for $3K, but will not settle for less then 50% of what is owed. If my clients had 45K to give, they wouldn’t be in this position to begin with! At this point I have advised them that we/they will still have to settle this debt, but at least they are free of the house. We have approval from the first.
Any success negotiating a settlement with a recovery group prior to COE?