Every borrower looking to refinance an existing commercial real estate loan or sell a property encumbered by one needs to consider how to release its existing financing. Commercial loan documents ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT executive and professor for 34 ...
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What Is a Defeasance Clause in Real Estate?
A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...
When you buy a house, closing day is as exciting as it gets. You’re finally getting the keys to your new home! But before that can happen, you need to sign a stack of papers as thick as a school ...
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