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Updated 10 months ago on . Most recent reply
Explain Release Price to me
How does release price work? I have a portfolio loan and am paying it down but need to sell a few properties.
What if the home sells less than the release price but I have paid a lot of equity into the portfolio loan?
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- Lender
- Lake Oswego OR Summerlin, NV
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
release's prices I have done on loans I made and of course on all my subdivision / development loans.
are simply a pre arranged release price.. IE you can release a property for the cash payment of 100k.
Or they get more complicated and are on case by case and total equity left.. I mean you cant release properties and leave the dogs. thats what banks worry about.
In your case you will have to see if they will negotiate a new release number for you.. this usually requires an apprasial etc.
- Jay Hinrichs
- Podcast Guest on Show #222
