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Shared appreciation mortgage

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New York now allows shared appreciation mortgage modifications HW+

Aug 01, 2014By

Per the new rules, each shared appreciation agreement must contain “a conspicuous legend at the top of the agreement printed in at least fourteen-point type, consisting of substantially the following language: ‘IN THIS AGREEMENT, YOU ARE GIVING AWAY SOME OF ANY FUTURE APPRECIATION IN THE VALUE OF YOUR HOME. PLEASE READ CAREFULLY.'”

3d rendering of a row of luxury townhouses along a street

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