What is the name of your state? VA
I am looking at a trustee sale foreclosure auction. The bank is foreclosing on a first lien that is part of a FHA home affordable modification agreement with HUD having a subordinate mortgage for the smaller modification amount. What happens to the HUD subordinate mortgage when the bank forecloses on the primary first mortgage?
Thanks....
I am looking at a trustee sale foreclosure auction. The bank is foreclosing on a first lien that is part of a FHA home affordable modification agreement with HUD having a subordinate mortgage for the smaller modification amount. What happens to the HUD subordinate mortgage when the bank forecloses on the primary first mortgage?
Thanks....