When should I apply a performance mortgage? - Posted by John

Posted by JPiper on June 21, 2001 at 24:43:01:

You would want to use one any time you receive an interest in which the deed will be transferred later. Examples might be lease/option and contract for deed.

JPiper

When should I apply a performance mortgage? - Posted by John

Posted by John on June 20, 2001 at 22:50:32:

Just need to know when an Investor should use it? Are there certain types of deals that I should or Should not use it?

For example, it seems a L/O might be a reason to use one, But a Subject-to deal would not need one since the deed would be in My name. Any extra info on how exactly the Performance Mortgage works would be a great help to me. Thank you.

John.