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pilot76180

"seasoning the note"

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In my talks with other investors, I've heard the term "seasoning the note" for a note that they have on a property. Also "seasoning requirements". What does this refer to?

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Seasoning refers to the length of time you are required to be on the title. Some lenders will have a one year requirement before you can refi the property.

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Thank you so much!  I almost feel as if I have learned something in this forum. ;)

:):P Funny guy, pilot. May I have the privilege of de-icing your plane's wings the next time you fly? What can possibly go wrong?

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