Common use of Program Exclusions Clause in Contracts

Program Exclusions. Property is vacant, abandoned or condemned. • Borrower has liquid assets sufficient to make 9 monthly PITI payments, excluding retirement accounts.

Program Exclusions. Property is vacant, abandoned or condemned. • Borrower has liquid assets assets, excluding retirement accounts, sufficient to make 9 monthly PITI payments, excluding retirement accounts. • Borrowers with open home equity lines of credit.

Program Exclusions. Property is vacant, abandoned or condemned. • Borrower has liquid assets sufficient to make 9 monthly PITI payments, excluding retirement accounts. • Borrowers with open home equity lines of credit.