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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] My interpretation... Posted by Ward-CA- on December 20, 2003 at 4:52 PM In Reply to: loan question posted by phil - CA on December 20, 2003 at 3:06 PM : Ward, : What does this phrase mean, "1st Td Is FHA LOAN, 2nd Td Was Subordinated, Confirm Loan Information."? ============= Phil, The first trust deed is a loan wherein the lendere is insured against loss by the Federal Home Loan Administration. The second trust deed used to be the senior loan, but agreed to be subordinated in priority to the FHA 1st. While your foreclosure notice service is telling you the existence of and the priority of the voluntary liens against the property, they are advising you their information is not guaranteed, so you need to independently confirm what they are reporting to you. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : What does this phrase mean, "1st Td Is FHA LOAN, 2nd Td Was Subordinated, Confirm Loan Information."? : ============= : Phil, : The first trust deed is a loan wherein the lendere is insured against loss by the Federal Home Loan Administration. : The second trust deed used to be the senior loan, but agreed to be subordinated in priority to the FHA 1st. : While your foreclosure notice service is telling you the existence of and the priority of the voluntary liens against the property, they are advising you their information is not guaranteed, so you need to independently confirm what they are reporting to you. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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