Prior to January, 2020, as a creditor with a lien on real property, you could not obtain a payoff directly from any other lien holder on the same property, without obtaining consent from the borrower. However, under House Bill 2459, … [Read more...] about Junior Lienholders May Now Obtain Senior Lien Payoffs
The Changing Dynamics in Short Sale Situations
A short sale is the sale of property for an amount less than what is owed to the lender whose loan is secured by that property. Because most promissory notes accelerate the balance of the loan upon sale of the collateral and because most purchasers would … [Read more...] about The Changing Dynamics in Short Sale Situations