We have been working with a lender to refinance our 1st lien and get cash back.
Part of this means that our 2nd lien lender has to agree to resubordination. They agreed to do this a month ago and today as we are about to close they say its policy not to do this. Now after a month this is falling apart.
Are their lenders that would refinace a 2nd lien?
Is there any legal remedies as we have email approval from the 2nd lien provider?
Part of this means that our 2nd lien lender has to agree to resubordination. They agreed to do this a month ago and today as we are about to close they say its policy not to do this. Now after a month this is falling apart.
Are their lenders that would refinace a 2nd lien?
Is there any legal remedies as we have email approval from the 2nd lien provider?