Received Subordination Request Letter
I received a letter from rsdoctrack.com stating that my second mortgage note was mistakenly recorded first by the county in 9/2002 and would like to sign a subordination agreement to make their first a first again. My question is will they be able to subordinate my loan eventually and I should just sign it? Or is today my lucky day? The property is in NY is it matters. Their first is $300k and mine is $45k. Thanks!