Difference between revisions of "FM SFLP.Foreclosure Costs"
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== Definition == | == Definition == | ||
| − | <b>Foreclosure Costs</b>: Expenses associated with obtaining title to property from the mortgagor, valuing the property, and maintaining utility services to the property. Such costs include costs and fees associated with | + | <b>Foreclosure Costs</b>: Expenses associated with obtaining title to property from the mortgagor, valuing the property, and maintaining utility services to the property. Such costs include costs and fees associated with [[Bankruptcy]] and [[Foreclosure]]. |
== Notes == | == Notes == | ||
Latest revision as of 13:44, 13 March 2023
Definition
Foreclosure Costs: Expenses associated with obtaining title to property from the mortgagor, valuing the property, and maintaining utility services to the property. Such costs include costs and fees associated with Bankruptcy and Foreclosure.
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: 54
- Column Label: FORECLOSURE_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
