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Loan Modification

: Mortgage Lender Implode-o-Meter

Resale Fees That Only Developers Could Love

By Implode-Explode Heavy Industries

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"A growing number of developers and builders have been quietly slipping ?resale fee? covenants into sales agreements of newly built homes in some subdivisions. In the Dupaix contract, the clause was in a separate 13-page document ? called the declaration of covenants, conditions and restrictions ? that wasn?t even included in the closing papers and did not require a signature."

Full post as published by Mortgage Lender Implode-o-Meter on September 12, 2010 (boomark / email).

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