My client re-financed their $300K US Bank loan (FHA) in 2009, creating a first mtg of $230K, and second mtg at %$70K.  The monthly mtg payments were still too much, so in July 2011 (yes, nearly two years ago) I listed the home and started the SS process with US Bank. 

Much more about the US Bank experience, but too much for this post. 

I feel we're now down to the wire, but HUD is telling me that they won't release the $70K second without full payment, no exceptions.

Anyone had success in getting HUD to release their second for the FHA maximum $1,500 ????

Thanks in advance to all respondents.

JPP

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Is the 2nd a Partial Claim?

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