An unrecorded second mortgage, typically kept secret from the underlying first mortgage.
Related information about silent second:
- Silent Second Mortgages - The Mortgage Professor
Apr 16, 2007 ... The term “silent second” is used most frequently to describe self-serving or perhaps fraudulent schemes where house sellers accept second ...
- Silent Second Mortgage Definition | Investopedia
A secondary mortgage placed on an asset that is not disclosed to the lender of the original loan. Silent second mortgages are used when a purchaser can't ...
- silent second - Financial Dictionary - The Free Dictionary
(1) A second mortgage placed on a home, usually in favor of the seller, so that a purchaser can buy the home even without a sufficient down payment.They are ...
- What Is Silent Second Shared Equity? - Budgeting Money
Homeownership is an important part of the American Dream, and because of this, there are all kinds of creative ways to get you into a home of your own. Silent ...
- Why 'silent' Second Mortgages Are So Risky - ReallyGreatRate.com ...
Why 'silent' Second Mortgages Are So Risky. Jack Guttentag. The term "silent second" is used to describe self-serving or perhaps fraudulent schemes where ...
- silent-second | Real Estate A-Z
A silent second is a second mortgage placed on a...
- Strassel: The Silent Second-Term Agenda - WSJ.com
Aug 23, 2012 ... In The Wall Street Journal, Potomac Watch columnist Kimberley Strassel writes that despite the Democrats' shellacking in 2010, the president ...
- Silent Second Mortgage
To hide the “silent seconds,” the title agent prepared false, “dueling” HUD-1s to send to both the primary and the “silent second” lenders so that each was ...