PERFORMING NOTE MUST HAVE AT LEAST 90 DAYS SEASONING. what is seasoning ?

Hi Michelle,

Seasoning refers to the amount of payments that have

been paid on a note. For example, if we say the note has

been seasoned for one year then what we are saying is that

payments have been made for one year.

Another example: 3 payments made = 3 months of seasoning

Kim Willette

Charter Financial 2617C W. Holcombe Blvd, #544 Houston, TX 77025 Telephone: 800 349-0552 Fax: 800 349-0720 www.brokeringnotes.com