| Re: House just went into foreclosure w countrywide
It is not meant the way you might be thinking..................
This is what the actual bill states............
Existing Subordinate Liens. Before participating in this program, all subordinate liens must be extinguished. This will have to be done through negotiation with the first lien holder.
The bill calls for the seconds to be taken care of first, before getting the new loan.........
also one other glitch that you might run into is if your mom owns another property that she lives in.............if this is the case, then this property would be considered an investment property and not a principle residence for her............
__________________ >Cat< Email: Cat@loansafe.org  The LoanSafe Advocacy Group™
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