Pre-pays not all equal

Posted by aak5454 on June 19, 2007 at 12:43:05:

In Reply to: Re: Foreclosure/Short Sell Florida
Posted by Brian P on June 19, 2007 at 12:10:41:

Some pre-pays are a a "soft" prepay menaing a bona fided sale does not require a penalty and others are a "hard" pre-pay (exist under all conditions).

Also, laws regarding pre-pays vary from state to state so hard to give you a blanekt answer.