Reply
Tue 22 Nov, 2011 06:52 am
If over the life of the mortgage or at an earlier sale the value of the home goes up again and it is sold at a profit, the owner should share the profi t with the lender. Ocwen Loan Servicing, based in Atlanta, is already offering shared appreciation plans.
over the life of the mortgage? What does it mean?
an earlier sale?Earlier than what?
@Nancy88,
the life of the mortgage is another way of saying the duration of it...