Hi.. Okay, here in GA, most first mortgages are closed-end. So are a lot of seconds. I asked an atty. today about it because it really has been on my mind & he said he would put closed-end but subject to modifications. Well, they are all subject to modifications!! Seems here, most people don't volunteer the info. unless asked. Unfortunately, just about all my clients ask that question and while I felt confident before, now I wonder. So Douglas, if the lender files a modification, upping the loan amt. on a closed-end loan for whatever reason,--after I've done the search, is that something I should be worried about? (In your opinion)! Someone else kindly pointed out that an abstractor is low on the liablility list. However, this really bothers me. I prefer to report accurate information but this has me stumped. While I know the difference between closed & open ended loans, I just want to know if I could possibly be held liable for something like that. Thanks!!!
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