Posted by JAQ on June 19, 2001 at 16:26:48:
I want to thank all of you for your responses, it will help me out a lot. One question I do still have is about this “preformance mortgage”. This is something new to me and I would like to know more detail about it. I guess one of my biggest questions is, Does this affect the first mortgage(held by a bank) on the property or is this just putting a cloud on title? I very concerned with due on sale clause and not triggering it.