Posted on: 30th Jul, 2010 01:30 pm
We refinanced our first mortgage in 2008 and apparently there was no subordination agreement recorded. Long story short, we have a 95,ooo mortgage that should be in 2nd position, in 1st and a 170000 mortgage that should be in first, in 2nd. te 95K loan is due in 2021. Any suggestions? Thanks
Hi Guest,
As far as I can understand, there's hardly anything that can be done in this situation. Nevertheless, you should contact both the lenders and inform them about the error in lien recording. They can let you know whether or not you need to do anything in this regard.
As far as I can understand, there's hardly anything that can be done in this situation. Nevertheless, you should contact both the lenders and inform them about the error in lien recording. They can let you know whether or not you need to do anything in this regard.