Difference between revisions of "FM SFLP.Asset Recovery Costs"
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== Notes == | == 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]] | * The field belongs to the [[FM SFLP Template]] | ||
Latest revision as of 15:12, 17 May 2024
Contents
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
