Multiple Liens

I have just picked up a client that has a new house (no repairs needed) 3years old. they have 2 mortgages, both with the same mortgage company
1st – $119,000 – ARM @ 13.75 tops out at over 16%
2nd – $ 21,000 – 9% fixed

what is the best aproach with this company to negoticate a short with the 2nd, and possibly the 1st, without tipping them off that they have both?

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