A “TOXIC TITLE” is a title to a property where the renovation costs exceeds the value of the rehabilitated home/property. This could be due to the condition of the home, the location, the large accrued debt, or some combination of all three.
If you are a Bank, Mortgage Broker, Real Estate Company, or a lender holding a security interest and find yourself with a “Toxic Title” – a property that is vacant, rundown, or even condemned in a blighted area; we may have a solution to your problem.
For
more information about this program please
contact Policy Innovations
Institute. |