Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can the amount of the junior lien increase?

April 26, 2017increase Junior lien

0

Posted

Can the amount of the junior lien increase?

1 Answer

0

Posted

Yes, the junior lien amount can increase as long as the increase is not for a reason related to the Relief Refinance Mortgage transaction (i.e., to curtail the Relief Refinance Mortgage – Open Access or to pay related closing costs, financing costs or prepaids/escrows).