Alfred R Wetzel's Blog – April 2015 Archive (1)

PHH Mortgage CitiMortgage

1st mortgagee, PHH is requiring Citi, 2nd Mortgagee to provide Deficiency Waiver. PHH is giving defiency waiver. Borrower is investor recently discharged from bankruptcy. Citi, who is getting the usual $6,000 says no.

Since PHH is not giving waiver out of the goodness of their heart I'm assuming the borrower bankruptcy is the reason. If so anybody have an opinion why Citi is unwilling?

Added by Alfred R Wetzel on April 24, 2015 at 5:22am — No Comments

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Alfred R Wetzel's Blog – April 2015 Archive (1)

PHH Mortgage CitiMortgage

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