This is not legal advice for your situation*

“Notice” Provisions in Second-Lien Security Instruments Revised

DocMagic's Compliance Department has revised the "Notice" provision in its second-lien security instruments (Paragraph 12 in most security instruments) to provide that any notice to either the lender or borrower required or to be given under the security instrument shall be provided by first-class mail. Previously, the security instruments provided that notice was to be given by certified mail. Although the prior "Notice" provision was adequate, the Compliance Department decided to revise the "Notice" provisions to render them consistent with the "Notice" provisions in the Fannie Mae security instruments.




*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.