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 ...

For the past several years, the U.S. housing market has faced an unusual constraint: not a lack of buyers, but a lack of sellers willing — or able — to move. Millions of homeowners remain “rate-locked ...

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 ...

Yield maintenance and defeasance are two common methods used to compensate lenders for the loss of interest income on commercial loans. Both terms refer to prepayment penalties designed to preserve ...