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Can the SFB Agreement be utilized while the mortgagor is waiting for the first monthly disability payment?

April 26, 2017Agreement disability mortgagor payment sfb utilized waiting

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Can the SFB Agreement be utilized while the mortgagor is waiting for the first monthly disability payment?

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Yes, if the mortgagor has provided documented evidence of a “start date” for receipt of the monthly disability payments, the mortgagee may establish a SFB Agreement.