From Google searching it looks like this means that this mortgage is in the second position to the primary mortgage, essentially making it a lien on the home which I would have to pay to make the property actually free and clear, were I to be the high bidder auction.Can anyone confirm this or give a better explanation of the ramifications of a subordinate mortgage if I'm incorrect?

As I said i prefer this method it has just lead to explanations in the past and I think that may be why we tried the other way.

Best of luck in your search.There is no reason to give any further information or a explanation.

I've read several books when I decided to this and I've seen it mentioned a couple of times but thank you for your explanation coz I didn't understood it at first but you explained it well. 

Your state regulatory body should have a clear explanation of what is and is not acceptable.

@Chris Bunya Perhaps someone was giving a very simplified explanation of how long it would take to get rid of PMI based on normal amortization.

Basically whatever notice you require and you don't owe them an explanation but verbally I would say I need to do work in the unit and will upgrade and it is going to take about 2 months (nothing every happens on time).  

Sure he wants to retire but I think he might feel insulted without some explanation first especially if he is financing the deal.

After about 2 weeks I noticed that the property was still active so I emailed him for a explanation.

@Mike Reynolds Thank you very much for the explanation.