Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
Received Subordination Request Letter
I received a letter from rsdoctrack.com stating that my second mortgage note was mistakenly recorded first by the county in 9/2002 and would like to sign a subordination agreement to make their first a first again. My question is will they be able to subordinate my loan eventually and I should just sign it? Or is today my lucky day? The property is in NY is it matters. Their first is $300k and mine is $45k. Thanks!
Most Popular Reply
Don Konipol
#1 Innovative Strategies Contributor
Lender
Pro Member
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
- 8,829
- Votes |
- 5,697
- Posts
Don Konipol
#1 Innovative Strategies Contributor
Lender
Pro Member
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
@Dennis Weber, Ask title company or a $1500.00 consideration for your signature. They will offer $750.00 and you can settle or $1000.00. You can tell them it's to cover your time and fees or legal advice.
- Don Konipol
Private Mortgage Financing Partners, LLC