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Loan Modification

: Mortgage Lender Implode-o-Meter

Home-Resale Fees Under Attack

By Implode-Explode Heavy Industries

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"The fees, also known as re-conveyance fees, are inserted by developers into covenants governing newly built subdivisions and commercial real-estate developments. They require sellers of a property to pay a percentage, often 1%, of the selling price to the original developer of the property every time it changes hands, for up to 99 years."

Full post as published by Mortgage Lender Implode-o-Meter on August 01, 2010 (boomark / email).

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