Broker Contributions allowed by Freddie Mac to go to 2nd.

Please Advise. Does Freddie Mac typically allow for Broker contributions to go to the 2nd lien holder? This file is providing sufficient net to the 1st B of A, but the 2nd US Bank has refused to accept the allowed payoff.

 

Thank you.

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Comment by Bryant Tutas on March 1, 2011 at 2:34am

Paul. I don't think they care as long as they get their money. The buyer can also contribute.

Here's an article I wrote that may help

 

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