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j-nice · 03-07-2009, 01:12 PM

***, in reading the guidelines for the second liens doesn't it read that the Servicer (i.e. Countrywide), would be the one to contact the jr lien holder to negotiate the extinguishing of the lien? Afterall, it puts the first lien holder in a better position with no other encumberances on the property and the Servicer receives $$ from the government.

03-07-2009, 01:12 PM	#21 (permalink)
j-nice Senior Member Join Date: Feb 2009 Location: ST CLAIR SHORES, MI Posts: 382 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: still on the hamster wheel ***, in reading the guidelines for the second liens doesn't it read that the Servicer (i.e. Countrywide), would be the one to contact the jr lien holder to negotiate the extinguishing of the lien? Afterall, it puts the first lien holder in a better position with no other encumberances on the property and the Servicer receives $$ from the government.