FM SFLP.Asset Recovery Costs

Definition

Asset Recovery Costs: Expenses associated with removing occupants and personal property from an occupied property post Foreclosure.

Such expenses include:

• relocation assistance
• deed-in-lieu fee, and
• fees and costs associated with eviction actions

Notes

• This field will be populated after the disclosed disposition date of the mortgage loan or the subject property, as applicable, based on individual CRT deal claims and reporting timelines
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 56
• Column Label: ASSET_RECOVERY_COSTS
• Data Type: NUMERIC
• Data Maximum Length: 9(10).99
• Temporal Classification: Performance
• Data Category: Enforcement

Implementation

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Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates