An annoying question for lenders is whether or not a lender can enforce two loans to the same borrower and secured by the same property. The nagging issue is usually raised when a lender makes a first loan and an additional advance to the borrower secured by the same property, a first secured loan followed by a secured credit line or a first secured loan and a new secured second loan to finance other properties.

Foreclosure News



Leave a Reply

Your email address will not be published. Required fields are marked *