Posted by IdahoRob on May 14, 2000 at 11:51:11:
Thanks Ed!!!
New Mortgage question & Liens Ed Or Joe?? - Posted by IdahoRob
Posted by IdahoRob on May 14, 2000 at 01:26:25:
If a homeowner refi’s with a new mortgage— are the Mechanic liens paid off??
Re: New Mortgage question & Liens Ed Or Joe?? - Posted by Ed Garcia
Posted by Ed Garcia on May 14, 2000 at 10:22:30:
IdahoRob:
YES. When you refinance, the lender will require all liens to be satisfied.
The only exception would be under the circumstances that you had a
Seller carry back a second mortgage, and the Seller agreed to subordinate
their position in order for you to refinance your first at a rate reduction.
Ed Garcia