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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!
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Don Konipol
#1 Innovative Strategies Contributor
Lender
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- The Woodlands, TX
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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