These are tough times if you need a loan but don’t have sufficient or unencumbered property to offer as a collateral to the Bank or other financial institution. Cash is King and if you need more liquidity quick but your first mortgage lender will not advance any more or cannot act quickly, you might be in unforeseen distress. A Second mortgage might be the best possible option at this hard…

Richi questioned: I am trying to help my client refi his first mortgage, but in order to do that I have to subordinate his second mortgage. The lender that I’m trying to sub is Chase. Any help would be greatly appreciated.