Αποτελέσματα Αναζήτησης
Every mortgage in which the final payment or the principal balance due and payable upon maturity is greater than twice the amount of the regular monthly or periodic payment of the mortgage shall be deemed a balloon mortgage; and, except as provided in subparagraph 2., there shall be printed or clearly stamped on such mortgage a legend in ...
- 2021 Florida Statutes
Balloon mortgages; scope of law; definition; requirements as...
- 2021 Florida Statutes
INSTRUMENTS DEEMED MORTGAGES AND THE NATURE OF A MORTGAGE. View Entire Chapter. 697.05 Balloon mortgages; scope of law; definition; requirements as to contents; penalties for violations; exemptions.—. (1) Any conveyance, obligation conditioned or defeasible, bill of sale, or other instrument of writing conveying or selling real property for ...
Every mortgage in which the final payment or the principal balance due and payable upon maturity is greater than twice the amount of the regular monthly or periodic payment of the mortgage shall be deemed a balloon mortgage; and, except as provided in subparagraph 2., there shall be printed or clearly stamped on such mortgage a legend in ...
Balloon mortgages; scope of law; definition; requirements as to contents; penalties for violations; exemptions.
Balloon mortgages; scope of law; definition; requirements as to contents; penalties for violations; exemptions.
Every mortgage in which the final payment or the principal balance due and payable upon maturity is greater than twice the amount of the regular monthly or periodic payment of the mortgage shall be deemed a balloon mortgage; and, except as provided in subparagraph 2., there shall be printed or clearly stamped on such mortgage a legend in ...
If you service loans with balloon payments, you have almost assuredly faced a situation where the loan has matured, but the borrower fails to remit the full payment amount owed. Instead, you receive a partial payment and are left with two options—reject or accept the payment. Many times,
