Reconveyance

The gimmick in question is called a "reconveyance fee." ❋ Unknown (2010)

One emerging area in this field is the use of private transfer fees (also called reconveyance fees) to allocate increasing development costs and fund infrastructure. ❋ Unknown (2010)

The confusion over that question, says Alderman, is exactly what led him to cancel the reconveyance fee on his own home. ❋ Unknown (2010)

Texas ultimately opted not to ban reconveyance fees. ❋ Unknown (2010)

So was Alderman insincere when he said Freehold didn't put reconveyance fee arrangements in place on homes that aren't part of new developments? ❋ Unknown (2010)

In an e-mail to Forbes, Alderman says the reconveyance arrangement "really is beneficial to the homeowners, the developers and to the community." ❋ Unknown (2010)

A dozen states are now considering whether to follow the lead of North Carolina, Louisiana and 13 other states that have banned reconveyance fees outright. ❋ Unknown (2010)

Yet it's not absolutely clear that reconveyance fees in residential housing sales are enforceable in the vast majority of states, where they're not expressly banned but haven't been explicitly allowed. ❋ Unknown (2010)

Lawyers who deal with commercial real estate sales say that they have seen occasional reconveyance fees for many years on commercial properties. ❋ Unknown (2010)

Freehold announced last week that it had "partnered with a major developer on a real estate project in Washington" state -- the name of the developer wasn't disclosed -- to put reconveyance fees on houses in a $47 million project. ❋ Unknown (2010)

The question of why Alderman, the Johnny Appleseed of reconveyance fees, would exempt his own house may be of interest to lawmakers across the country as they debate whether such fees should be banned. ❋ Unknown (2010)

On August 12 the Federal Housing Finance Agency said it would seek to prevent Fannie Mae, Freddie Mac and the Federal Home Loan Banks from making loans to any property encumbered by a reconveyance fee. ❋ Unknown (2010)

"They'd be obliged to share that appreciation, via the reconveyance, with people who didn't contribute at all." ❋ Unknown (2010)

When Texas lawmakers considered a ban on the arrangements, however, Alderman insisted that Freehold didn't put reconveyance fees on homes that aren't part of new developments. ❋ Unknown (2010)