It seems junior liens are to be treated equal to first liens in modification and short sale context.
The big loan servicers used their might to break their second lien status and the current administration seems ready to yield to their will.
You can read how second liens will now be discounted equally to primary liens at the link below:
Dana w/ Crossroads Solutions LLC http://www.DanaLeigh209.com http://www.DanaLeigh209.net http://www.ULostThis.com
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I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.
It seems junior liens are to be treated equal to first liens in modification and short sale context.
The big loan servicers used their might to break their second lien status and the current administration seems ready to yield to their will.
You can read how second liens will now be discounted equally to primary liens at the link below:
http://www.savigroup.com/banks-win-reprieve-on-home-equity-loans-in-sett...
Dana w/ Crossroads Solutions LLC
http://www.DanaLeigh209.com
http://www.DanaLeigh209.net
http://www.ULostThis.com
---
I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.