FAQ Content
The SAM is not subject to forgiveness. It must be repaid in full whenever any repayment trigger occurs, including:
1. Sale of the property
2. Payoff of the first mortgage loan
3. Payoff of the subordinate loan principal balance
4. Cashout refinance of the first mortgage
5. Rate/term refinance that results in the transfer of servicing away from KHC
6. Failure of the borrower to occupy the property as their primary residence
7. Filing and recording a foreclosure complaint
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