When Does a Mortgage Modification Alter Lien Position?

IN RE WHITE, No. 12-47895-CEC (Bankr. E.D.N.Y. Aug. 14, 2014). Currently loan modifications are one of the most common loss mitigation workouts used to bring a¬†loan current. However, one important question has yet to be addressed in many states: ‘Absent a future advances clause or consent of the junior lien holders, does a modification of […]

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