Fact or Fiction? Lender wants borrower to pay one more 2nd Mortgage Pymt

I’m working a deal with a 1st and a 2nd, same lender. A rep from the 2nd mortage dept called yesterday and stated that by the end of the month, the payments would be 180 days behind and that the loan will be charged off, which would not be a good thing for the borrower. It would appear on their credit report as a charge off, and be nearly as bad as a foreclosure on the first.

However, since he knows I’m nearly done negotiating successfully on the 1st, and that the ultimage settlement would likely be a full settlement on the 1st AND 2nd mortgage, he was encouraging me to get the borrower to pay another payment. This under the theory that it would push this automatic chargeoff back another 30 days, thus buying a little more time to negotiate for the SS.

Sounds like a plausible argument. Anybody have any experience with this?

I assume the 2nd holder sent default notices? Normally you have to make up all the payments plus penaties to move the default charge off date. I would ask for something in writing stating that one payment is acceptable.