Hello All,
I am doing a SS with Chase as the First and there is also a second (a line of credit secured by the house) with BOA. Do I still initiate it in Equator just as I would if this was the first? Will they know they are the junior when the HUD shows the second only getting a small amount (whatever it may be). Also, the seller is not delinquent on the second. Will this be a problem. Any advice would be greatly appreciated. Thank you
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Call and ask for protocol. Some helocs do not go into EQ. make sure yours does before initiating
Ok, once I have the account information I can just call BOA, give them the loan number and they will be able to tell me? Is this correct?
yes, call the number on the mtg stmt. You get the most accurate info from that...they will either tell you what to do or connect you with the liquidation dept.
learned from mistakes from the past. Always call the number on mtg stmt and have last 4 of social handy.
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