Michael Schneider's Blog – May 2010 Archive (1)

Payment to a subordinate lien holder to secure release

Team,

There is lots of discussion regarding payments to secure release of various subordinate liens. Second mortgage, tax lien, HOA, water etc.

Anyone who works with short sales knows the problem.

And, one hears quite frequently: "It's illegal!! Clearly, a violation of RESPA."

I am not an attorney nor a RESPA expert, by any means, but I have actually read RESPA and parts of the CFR. I find no reference nor have I seen anyone cite a…

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Added by Michael Schneider on May 1, 2010 at 9:18am — 5 Comments

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Michael Schneider's Blog – May 2010 Archive (1)

Payment to a subordinate lien holder to secure release

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