Difference between revisions of "FM SFLP.Asset Recovery Costs"
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| + | == Definition == | ||
| + | <b>Asset Recovery Costs</b>: 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 == | == 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 | + | * 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]] | ||
== Field Characteristics == | == Field Characteristics == | ||
| Line 13: | Line 16: | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(10).99 | * Data Maximum Length: 9(10).99 | ||
| + | * Temporal Classification: Performance | ||
| + | * Data Category: Enforcement | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
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
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
