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

In June 30, 2011
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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.

UPDATE: April 5, 2012

As of April 2012 we are offering PAID CONSULTATIONS ONLY on second mortgages or HELOCs, and no longer offer free consultations on this subject. Our fee is only $150, and includes 30 days of follow-up support via email. We made this change because our experience has been that each mortgage situation is totally unique, and requires careful analysis and discussion before a solid recommendation on strategy can be made. We have had so many inquiries on the topic of second mortgage or HELOC settlement, that we felt a paid consultation would be the most efficient method of assisting consumers to avoid scams and make the correct strategic decision. For additional details, please visit our other website at SecondMortgageAdvice.com.

UPDATE NOVEMBER 26, 2012:

Gerri Detweiler of Credit.com recently interviewed me on Talk Credit Radio on the subject of second mortgage and HELOC settlements. This is an in-depth podcast that covers a lot of important information consumers need to know on this topic. If you’d like to learn more about debt settlement as it pertains to mortgages or HELOCs, this is the audio file you’ve been hunting for! Click here to download the full podcast free of charge.

 

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ZipDebt = Fast Relief

Debt settlement is just as much about managing risk as negotiating savings. The 36-48 month programs offered by most debt companies have high risk for collection lawsuits. It's far more effective to "fast track" debt settlement in 12-18 months.

ZipDebt = Affordable Help

Instead of paying fees as high as 20-30% of your TOTAL DEBT, it’s far more affordable to work with a professional consultant who only charges 15% of the SAVINGS achieved via the negotiations. This approach saves you money and creates a win-win scenario.

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