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Updated almost 11 years ago on .
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Inter Creditor agreement between 1st and 2nd lien Private Lender
I do California junior lien position business purpose loans secured by CA single homes .
I am looking for an an Inter creditor agreement between the the 1st Lien lender and junior lender , whereby 1st Lien lender allows Junior Lender to foreclose and not foreclose Junior Lender out while Junior Lender is foreclosing.
Where can i get a simple agreement stating these terms and other related terms for a new purchase money loan or where i go as a junior lender where there is an existing loan in place.
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Why would a first mortgage holder even consider such a concession? Just curious.