Non-owner-occupied (NOO) homes59 subject the mortgagee to additional risks because the borrower is not dependent upon the home for shelter. The bankruptcy code, 60 for example, makes a significant distinction in a Chapter 13 proceeding between owner-occupied homes on the ... The Code permits a modification of the rights of secured creditors other than those secured by a security interest in theanbsp;...
|Title||:||Secondary mortgage market guide|
|Author||:||Barry G. Jacobs, Charles L. Edson|