Deed in Lieu on 1st - after Charge Off on 2nd?We're opting for the Deed in Lieu option with our 1st and we *were waiting to hear from our 2nd mtg company on a settlement (which they dragged their feet on), when we unknowingly hit 180 days â€“ and they automatically charged it off.My question is: is it better to negotiate a settlement (post charge off) with the 2nd mortgage company (Green Tree) â€“ in a continued effort to do a DIL with our 1st?Or the collection agency they might send it to?If they send it to collections â€“ who releases the lien?(so I can prove to Mtg 1 that the property is free and clear)?Their delay tactics seem unscrupulous - any impressions of Green Tree?Thanks in advance.December 06 2012 - Denver00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.