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REY [17]
1 year ago
5

Which of these lenders would be least likely to approve a short sale? unset starred question conventional lenders credit unions

first loan lenders junior lenders
Business
1 answer:
Semenov [28]1 year ago
4 0

Junior Lenders would be least likely to approve a short sale.

What is a junior interest?

Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced

Is a take out loan the same as junior mortgage?

A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.

Learn more about junior lender:

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