Legal Question in Real Estate Law in New York

2nd mortgage

do i have to pay off a second mortgage if i refinance my first by consolidating and assignment of the loan to my original lendr?


Asked on 1/01/09, 1:29 pm

1 Answer from Attorneys
Savyon Grant Law Office of Savy Grant

Re: 2nd mortgage

It sounds like you do need to pay it off if you are consolidating the 2 loans. If you are only refinancing the first loan, the second bank can give you a subordination agreement. If you have questions I can be reached at 212\847\9595.

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Answered on 1/01/09, 2:04 pm


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