Buying Out A Second

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We have a deal we need some input on here goes.
Worth 155K
1st 129K
2nd 15K
1st is four months behind
We would reinstate the first and buyout the second, which is 7 months behind. Should get a good deal on the second. The only problem is the first and second are held by the same company. Has anyone ever tried this with in the same Mortgage company.
Thanks
Sire

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