Looking for docs & or 3rd party authorization forms for a Citi Financial 2nd ....And any direction on the process with working with Citi Financial as the 2nd with Nationstar.
citifinancial (2)
Appreciate your help or advice on this: Below is basic scenario involving PHH as the 1st (the 2nd is the problem).
I have a call in to Fannie Mae to get clarification on this "guideline" in order to gain some ground with the 2nd.
First mortgage PHH today stated that Fannie Mae recently changed their guidelines and now will not allow the secondlien holder to require a promissory note or agreement to pay back the moneyoutstanding, the second lien holder must release the difference.
Second lien holder (Citifinancial Equity Services) will not release the lien unless the Seller agrees to pay the entire amount back.
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