The Defeasance Process
Frequently Asked Questions
Below we have answered additional questions about Defeasance. If you have others, please contact us and speak with a Defeasance expert.
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Defeasance background
How do I know if my loan is eligible for a defeasance?
What is the legal definition of defeasance?
What is the history of defeasance?
How does defeasance differ from yield maintenance?
How old is the defeasance concept?
Defeasance process
How long is the process?
How does the defeasance process integrate with my sale?
How does the defeasance process integrate with my refinancing?
What can lengthen the timeline?
When can I defease?
What is the role of the Successor Borrower?
What is the Defeasance Refund™ payment?
What happens during the three-day close?
Can I use my own accountant in my defeasance?
Can I use my own attorney in my defeasance?
Other Defeasance details
What opinions and reports are required?
What is the REMIC opinion and who writes it?
How do I know if I need a rating agency “no downgrade letter”?
How do you construct the securities portfolio?
What types of securities can I use as defeasance collateral?
Is there any kind of cash deposit I must make up front?
Who sets the transaction costs?
What are the tax implications of a defeasance?
Do I take on any liability during the defeasance process?
About Defeasance
Overview
What is Defeasance
Defeasance Case Studies
The Defeasance Process
Overview
3 Day Closing
Parties to a Defeasance
Defeasance Documents
Defeasance Costs
Your Next Steps
Defeasance FAQ
About Our Company
Our Team
Our Philosophy
How We Assist Borrowers
The Defeasance Refund™
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