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Will they subordinate?

Started by road2freedom , Jul 21 2012 10:09 PM

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2 replies to this topic

#1 road2freedom

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Posted 21 July 2012 - 10:09 PM

I'm wondering if I'm going to have problems getting my 2nd mortgage to subordinate to the FHA streamline I'm working on for the first. Both were IIB in 2009 and we are in a ride-through. The current value is less than that of the first mortgage balance. I'm wondering if I'm just wasting my time and my loan processors time.

#2 jop3

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Posted 23 July 2012 - 08:13 AM

They will probably subordinate. Most do these days. That's not to say it's definite, but it's certainly not a waste of time.

#3 bartprequalifies

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Posted 24 July 2012 - 12:29 PM

Have to agree with Danielle, if it is with a mortgage company and not a servicer, most mortgage companies will subordinate if you have been making your payments on time.
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