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Real Estate Expenses for Second Mortgage

B-184703: Apr 30, 1976

An advance decision was requested with regard to an employee's claim for reimbursement of real estate expenses for a second mortgage incident to the purchase of a residence at his new duty station. Charges made in connection with second mortgages are reimbursable to the same extent as charges made in connection with first mortgages. Since the payment of finance charges is prohibited, those expense...

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B-184703, APR 30, 1976

B-184703: Apr 30, 1976

CHARGES MADE IN CONNECTION WITH SECOND MORTGAGES ARE REIMBURSABLE TO THE SAME EXTENT AS CHARGES MADE IN CONNECTION WITH FIRST MORTGAGES. THOSE EXPENSES INCIDENT TO THE SECOND MORTGAGE TRANSACTION ATTRIBUTABLE TO INTEREST AND TRUST FEE CHARGES ARE FOR DISALLOWANCE. BEIRS - REAL ESTATE EXPENSES FOR SECOND MORTGAGE: THIS MATTER IS BEFORE US ON A REQUEST FOR AN ADVANCE DECISION FROM MR. WAS PAID IN FU...

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