I think it is very important that mods and principal reductions be recorded. If I were buying a home and there were only 3 sold comps in the past year in the area but 12 loans that had reductions in principal much lower then the sold comps to me that would be a red flag.
And yes, I realize mortgage amount” and “property valuation” are not related.[/quote]
If the principal amount is reduced, it is effectively a new sale back to themselves at at a lower price. For many buyers, this is very relevant information, as we do not want to pay more than the market price (which includes “sales” made via principal reductions).
And yes, I realize mortgage amount” and “property valuation” are not related.[/quote]
If the principal amount is reduced, it is effectively a new sale back to themselves at at a lower price. For many buyers, this is very relevant information, as we do not want to pay more than the market price (which includes “sales” made via principal reductions).
And yes, I realize mortgage amount” and “property valuation” are not related.[/quote]
If the principal amount is reduced, it is effectively a new sale back to themselves at at a lower price. For many buyers, this is very relevant information, as we do not want to pay more than the market price (which includes “sales” made via principal reductions).
And yes, I realize mortgage amount” and “property valuation” are not related.[/quote]
If the principal amount is reduced, it is effectively a new sale back to themselves at at a lower price. For many buyers, this is very relevant information, as we do not want to pay more than the market price (which includes “sales” made via principal reductions).
And yes, I realize mortgage amount” and “property valuation” are not related.[/quote]
If the principal amount is reduced, it is effectively a new sale back to themselves at at a lower price. For many buyers, this is very relevant information, as we do not want to pay more than the market price (which includes “sales” made via principal reductions).
I am in the public records business and it’s not common for mods (including principal reductions) to record. It does happen, and it’s happening more and more, but it’s not a matter of course.
I am in the public records business and it’s not common for mods (including principal reductions) to record. It does happen, and it’s happening more and more, but it’s not a matter of course.
I am in the public records business and it’s not common for mods (including principal reductions) to record. It does happen, and it’s happening more and more, but it’s not a matter of course.
I am in the public records business and it’s not common for mods (including principal reductions) to record. It does happen, and it’s happening more and more, but it’s not a matter of course.
