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Hament Raju Mahajan
  • Investor
  • Sanfrancisco , CA
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Inter Creditor agreement between 1st and 2nd lien Private Lender

Hament Raju Mahajan
  • Investor
  • Sanfrancisco , CA
Posted

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
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Why would a first mortgage holder even consider such a concession?  Just curious.

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