Handling Shared Appreciation Mortgages

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-18T20:54:41.000
dc.date.accessioned 2020-06-29T22:52:30Z
dc.date.available 2020-06-29T22:52:30Z
dc.date.embargo 2017-08-15
dc.date.issued 2000-01-07
dc.description.abstract <p>The Agricultural Credit Act of 1987 authorized shared appreciation agreements (up to 10 years in duration) for debt structurings. The appreciation recapture was set at 75 percent of any appreciation in fair market value of the collateral if, within four years, the loan is paid off, the borrower ceases farming or the borrower transfers the property. The borrower pays 50 percent of any appreciation if the triggering event occurs after four years or, if not, upon termination of the agreement (up to 10 years). Currently, more than 11,900 shared appreciation agreements have been executed on debt write-down of over $1.7 billion. Approximately 6500 of the agreements are currently in effect and will become due over the next 10 years.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol11/iss1/1/
dc.identifier.articleid 1517
dc.identifier.contextkey 10604257
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol11/iss1/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/2963
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol11/iss1/1/AgLawDigest_v11n01_01.pdf|||Fri Jan 14 17:47:16 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Handling Shared Appreciation Mortgages
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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