Second Trust MortgageA second trustee mortgage
They have and will have probbs who put this because substantially the spending will lie in mum giving you the 20-k, but so against her favorable interest in ownership (you say that only on the enforced ownership and selling of creditors comes into play), which is a problematic that is all creditors because of the complexities that represents the favorable interest that represents with regard to saving any ownership order upon the mortgage debtor (your) defaults.
When its a 2nd batch in place, it would also have to consent to move the batch (ie holding it in the 2nd place as a lot of lenders will always demand to be 1. chargee) AND you would have to find a lender who accepts this formation - which, as you have found out, is not directly forward.
It is also important to remember that, as it currently appears, and if Santander has consented to this second expenditure/interest certificate, that in a foreclosed or supported sales of the real estate, if the refund of the osmge shows the entire sales revenue, Mama will receive nothing regardless of a second expenditure/DOT or whatever occurs.
When the DOT (re proceeds upon defualt) is made without Santander's prior notice, it becomes substantially invalid. Otherwise (and if Santander actually knows and accepts the advantageous interest of mothers) you will be stranded with Santander, they are the only lenders who will allow you to keep the custody of mothers' money on the spot.