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 == | ||
Latest revision as of 13:46, 13 March 2023
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
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
