my 2nd was bought by a 3rd party 2+yrs after default. now 6 yrs later we haven't made a pmnt or agreement. what do I do?

If you still own the home, then that 2nd still exists and is part of the encumberment of your property.. until you make arrangements to pay them, it will continue to be attached to your home. If you try to sell your home, you will have to pay them out of the proceeds.. It's possible you can contact them and make them a cash offer so it can be released, and more than likely they will negotiate.. but regardless, the loan must be paid. Typically, when bad 2nd mortgages are sold, they go pretty cheap.. usually less than .20 cents on the dollar.. so, you can probably get a pretty good discount. Also understand that if you do get a discount, then any debt forgiveness will need to be accounted for on your tax returns.. This "Phantom Income" is considered income when it comes to taxes, so be prepared for the added tax liability.. Talk to your tax adviser for more info on potential tax liabilities on 1099-C (Cancellation of Debt). I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347