Reverse mortgage subordinations clarified

While rare, some lenders do allow them

By Inman News Feed
Add Comment Add Comment | Comments: 3 | Posted Jan. 14, 2010

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1. Anonymous said... on Jan 18, 2010 at 01:08PM

“This article incorrectly states that the second mortgage lender who consents to a subordinationn would remain in second place in the lien chain.The fact is that the lender of a HECM reverse mortgage is in first lien position and that HUD always has a second lien position. Therefore,any
second mortgage lender consenting to a subordinate lien position,assuming it is legal, to a HECM reverse, would be in third position.

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2. Anonymous said... on Feb 25, 2010 at 12:39AM

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3. ProTitleUSA said... on Jan 3, 2014 at 11:04AM

“If you have questions regarding your mortgage, you can perform a mortgage and assignment search at www.protitleusa.com”

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