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payment abatement: Payment abatement? What the heck is that? - 07/10/07 05:31 PM
Payment abatement? What the heck is that?
You've probably seen advertisements for new construction homes that say, "Purchase a new home and don't make payments for up to 6 months!" This is a payment abatement program. The seller, in this case the builder, will make your first six mortgage payments (interest-only payments).With the slower housing market, there are more properties on the market and it is taking them longer to sell. This increase in inventory of homes will affect the housing market until they are all sold and/or taken off the market.How can this help someone sell their home in a … (1 comments)

 

John Barker

Oak Forest, IL

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Envoy Mortgage

Address: 1938 E Lincoln Hwy, Suite 214, New Lenox, IL, 60451

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