Re: Dealing with hard money junior lienors.

Posted by CC on October 27, 2002 at 08:48:19:

In Reply to: Dealing with hard money junior lienors. posted by Ward-CA- on October 27, 2002 at 01:04:14:

Actually, the junior lien was in place at the time of escrow. The first mortgage holder knew about the second at the time of closing -- basically it was money to fill the gap between the sale price of the house and the first mortgage. I got into this place with no money down. Does what you wrote above still apply?

Follow Ups:

Name    : 
E-Mail  : 
Subject : 

Comments:
: Actually, the junior lien was in place at the time of escrow.  The first mortgage holder knew about the second at the time of closing -- basically it was money to fill the gap between the sale price of the house and the first mortgage.  I got into this place with no money down.  Does what you wrote above still apply?


Optional Link URL : 
Link Title        : 

Foreclosures Section

Foreclosure Help

Foreclosure Investing

Real Estate Articles

Our Site Resources

Discussion Archives