Login
Lender Signup
Community Signup

World's Largest Mortgage Community
(28,793 members)

What are you looking for?

Lease Hold Mortgage

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Sam Site Admin Joined: 21 May 2005 Posts: 212 Location: CALIFORNIA 97.84 Dollars($)	Posted: Mon Jul 05, 2004 5:18 pm    Post subject: Lease Hold Mortgage Lease hold mortgage is a mortgage loan on a home, where the borrower does not actually own the title to the property. The borrower has a recorded long term lease on the property. Important features: Indirect Ownership - The property in not owned directly by the borrower. Time period - It normally ranges up to 99 years, but it can be as long as 999 years for a lease hold commercial property. Leasing of land - It is a mortgage on a home where the land is leased rather than owned. Amortization - It carries a precondition to be amortized over a period that is shorter then the land lease.
Katherine Hackett Guest 0.10 Dollars($)	Posted: Tue Aug 26, 2008 1:07 pm    Post subject: Lease Hold Mortgage Is there a state regulation against consumer Lease Hold Mortgages in Florida
sara Joined: 05 Jul 2006 Posts: 1206 Location: New Brunswick, New Jersey 223.95 Dollars($)	Posted: Wed Aug 27, 2008 3:16 am    Post subject: RE: Hi Katherine, Welcome to the forums. The State regulatory body for Florida leasehold mortgages is the Office of Financial Regulation. You can contact them at http://www.flofr.com/Director/ofrcontacts.htm . Take Care

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1