NO, you can not combine a 1st and 2nd mortgage together in a HARP refinance, but they will allow you to subordinate
your current second lien and refinance your underwater 1st mortgage.
Not exact matches
First, RadioShack was party to a $ 585 million 2013 asset - based credit facility secured by a first priority
lien on
current assets, and a
second priority
lien on certain non-
current assets (2013 credit agreement).
Just as
second and third mortgage
liens can be stripped from your home, the balance of a car loan can be reduced or «crammed down» to match the
current market value of your car.
Your account is immediately brought
current upon approval of Partial Claim (also called
Second Lien Advance).
If your
current car still has a title loan with a remaining balance, you won't be able to get a
second title loan because the lender, whether it be LoanMart or another company, has a
lien on the title.
The
second advantage is that you'll usually get a clear title since usually all types of
liens are extinguished and the taxes are brought
current.
A key follow - up question is, «What is the
current mortgage balance and are there any other
liens against the home, such as a
second mortgage or home equity loan, judgment
liens, and mechanics»
liens?»
I thought that my situation was fairly straight forward (no
liens, no
second mortgage,
current on mortgage).