Located in Chiltern House Business Centre, 64 High Street, Burnham, Slough SL1 7JT
Defeasance Clauses are required by some states and are generally not enforceable in others. A competent real estate attorney can guide you through these contract clauses. However, there are some common mistakes that buyers should avoid. Here are the most common mistakes and how to avoid them. Whether you're buying a home or refinancing a loan, a defeasance clause is a crucial element of the mortgage contract.