Updated about 4 years ago on . Most recent reply
SB9 and Lender Implications
I wanted know if anyone has any insights on how the SB-9 law and the rights of lenders and mortgages on the existing single-family properties might play out?
If the existing lot is split into two, will the newly created second lot remain encumbered by the existing mortgage? Can lenders object to a lot split that might impact or compromise the security of the mortgage?
I know we are early in the process, but hoping there is some insight the group can share