Millions of homeowners remain locked into ultra-low mortgage rates, freezing housing supply — defeasance may offer a ...
New legislation permitting conventional mortgage borrowers to use defeasance as a payoff option instead making a due-on-sale payoff must recognize and address several tax issues. Taxes are complicated ...
In our WSJ op ed, Alex Pollock and I suggested that the mortgage defeasance process might require direct government involvement to manage mortgage defeasance accounts by, for example, the U.S.
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