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Larry and An…, Real Estate Pro in Chelan, WA

What is a "60 day letter"?

Asked by Larry and Anita Day, Chelan, WA Sat Mar 13, 2010

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In lending it's the letter from a homeowner's association that assures the lender that they would give 60 days notice to the lender if they were to attempt adverse action against the homeowner. Many lenders have stopped taking this document and now require full subordination by the HOA. It's usually an issue that can come up in cash-out refis here in Texas, not in purchases...
0 votes Thank Flag Link Sat Mar 13, 2010
usually a referrence to vacate within 60 days.
0 votes Thank Flag Link Sat Mar 13, 2010
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