What does a lender in first position have to be concerned with regarding 2nd lien holders?

February 15th, 2009 by Jarad S.

Question: What does a lender in first position have to be concerned with regarding 2nd lien holders? Why would they not want to negotiate with the Owner until the 2nd line holder goes away?

Digg Digg

Tags: lien priority

This entry was posted on Sunday, February 15th, 2009 at 4:08 pm and is filed under Lien Priority. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Ask the Expert?

Have a question that hasn't been answered yet? Send the question to us by clicking here.

Search Blog

Featured Product

Discover The Most Complete Hands Off Data Management Application Designed To Have You Cashing More Paychecks In More Markets AUTOMATICALLY

>> Watch Video Now <<

Foreclosure Newsletter

Learn why Now is the Best Time In Years to Get Into Real Estate... No Money? No Credit? No Problem. Learn the Proper way to Invest in Any Market.
Sign up for the Newsletter! »

Free Foreclosure Reports

Testimonials

Jarad, I am writting to you two weeks after I purchased your e-book and one week three days after I bought a property based on your negotiation skills. I know it was not sheer luck. I just wanted to drop a message and let you know that three days after the purchase, I sold the property (still in escrow) for a $40,000 profit. I must thank you for your e-book.
Your excited student
M. Ondieki

Foreclosure - Real Estate Investment : Short Sales