Under what circumstances will a modification jeopardize a Deed of Trust lien priority?
A. The Lender may jeopardize the lien priority of the Deed of Trust any time that the terms are significantly changed so that the mortgage could be viewed as a “new” loan. Unfortunately, it is difficult to anticipate at what point the terms become “significantly changed”. If there are no junior liens, the risk of loss of priority is minimal.
Related Questions
- What is the difference between a Judicial Foreclosure / Deed of Trust Sale and a Deed in Lieu of Foreclosure?
- How do these liens fall in priority w/mortgages: property tax, IRS tax lien, State of ME income tax lien?
- Under what circumstances will a modification jeopardize a Deed of Trust lien priority?
