Forbearance Created Second Lien – Is Client Eligible for Cash-Out?

Question: My client exercised forbearance due to COVID.  The servicer filed a second mortgage on the property for the payments missed.  They are now out of deferment and have made 3 monthly payments on time.  Are they able to do a cash-out refinance and pay off the second mortgage? Answer: Please see and review questions […]

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