Mortgage Modifications: Senior Loans May Become Not So Senior

Looks like there was a decent judge in this case…

Bankruptcy-RealEstate-Insights

Sperry Assoc. Fed. Credit Union v. US Bank Nat’l Ass’n (In re White), 514 B.R. 365 (Bankr. E.D.N.Y. 2014)

A junior mortgagee sought to subordinate the senior mortgage loan based on an argument that modification of the senior loan impaired the junior mortgagee’s rights.

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