What is a Beneficiary Demand?
In fact, if you asked most home owners to explain a beneficiary demand, few could. Less surprising is the fact that the majority of today's home owners do not plan to pay off a mortgage prior to its natural conclusion at the end of an amortization period, unless they win the lottery or a large inheritance falls into their laps.
Back when I was a kid, during the stone age when dinosaurs roamed the earth, people used to make regular deposits to a passbook savings account or stuff extra money into the mattress. When they saved enough to pay off their mortgage loan, they proudly marched down to the bank with a suitcase of cash and paid it off in person.
Today, of course, home owners receive a beneficiary demand. Some do not understand why the loan balance due for payoff is much higher than the balance shown on their loan statement. That's because a loan statement reflects the status of a loan and beneficiary demands are more detailed; beneficiary demands reflect a number of fees plus interest . . . read more about beneficiary demands.
More Articles by Elizabeth Weintraub, click below:
©Big Stock Photo
Technorati tag: beneficiary demands
Comments
Staging,No! Buyera…I mean POTENTIAL- buyers…ARE NOT LOOKING. WON’T EVEN COME DOWN MY STREET. So, it doesn’t matter how PRETTY it is. Buyers are waiting for still lower prices. I’m waiting for hgher prices.
WHAT I NEED IS SOMEONE TO COME DOWN MY STREET
What you need, Duane, is a way to make buyers come look at your house. See this:
http://homebuying.about.com/od/sellingahouse/qt/IncreaseTraffic.htm