Exculpatory Clause Real Estate
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Description what is exculpatory clause in real estate
In general, an exculpatory clause is a clause that eliminates a partys liability for damages caused by a breach of contract. A common type of exculpatory clause involves limiting liability on a loan to the collateral. In other words, if there is a default, the contract says that the damages will be limited to execution on the collateral (i.e., foreclosure on the property covered by the mortgage or deed of trust).
- View Mortgage of a Condominium Unit
- View Partial Release or Satisfaction of Mortgage by a Corporation
- View Satisfaction of Mortgage by a Corporation
- View Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate
- View Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage
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