Rental Housing Finance Survey (RHFS)

2015 RENTAL HOUSING FINANCE SURVEY
*2015 Items required for a complete interview – B, 1a, 2a, 5, 24a, and 25

A. Please provide your contact information.
Name:
Title:
Phone:
Fax:
Street Address:
City:
State:
Zip:
Goto Item B

B.

Are you currently the owner or manager of this residential property?

1 Yes
2 No
<1> Goto item DP_1a
<2> Goto item C
*A response is required for this item.

C.

Please provide the name, address, and telephone number of the current owner,
manager, or corporate office of this residential property.
Name:
Title:
Organization:
Address:
City:
State:
ZIP Code:
Telephone Number:

End Interview

1

DP_1a.
For the purposes of this survey, financing and debt status will determine which units and buildings are
considered your property.
The Rental Housing Finance Survey mostly refers to property debt as mortgages; yet sometimes
property debt also includes deeds of trust, contracts to purchase, tax-exempt bond financing, and
other instruments.
Which of the following best describes {sample address}?
1.
2.
3.
4.

{sample address} has ONE apartment building
{sample address} has TWO or more apartment buildings
{sample address} is an address that covers a PART of one apartment building
Other

If <1>, goto item DP_2a
If <2>, goto item DP_2b1
If <3>, goto item DP_2c
If <4>, goto item DP_1b
DP_1b. {sample address} is –
1. A single detached home
2. 2 or more detached homes
3. One or more rows of attached town homes
4. Other
If <1>, goto item DP_2a
If <2>, goto item DP_2b1
If <3>, goto item DP_2b1
If <4>, goto Follow-up Procedures

2

DP_2a. If AHS Frame, display Does this residential property have a mortgage?
If MAF Frame, display Does this building have a mortgage?
1 Yes
2 No
If <1>, goto item DP_2a1
If <2>, goto item DP_2a2

DP_2a1.
Are there any other buildings or units that are financed under the FIRST mortgage?
1 Yes
2 No
If <1, 2>, goto item 2a
DP_2a2.
Are there any other units or buildings that are under the same title or deed as the building at
{sample address}, but that have a different address?
1 Yes
2 No
If <1, 2>, goto item 2a

DP_2b1.
How many buildings (consider a group of attached town homes as one building)
_____ Number of Buildings
Goto item DP_2b2

3

DP_2b2.
Is there a mortgage or similar debt covering one or more of the buildings?
1. Yes
2. No
<1> goto item DP_2b2a
<2> goto item DP_2b2a2

DP_2b2a.
If DP_2b1 = 2, display Does the FIRST mortgage cover both of the buildings?
If DP_2b1 ge 3, display Does the FIRST mortgage cover all {DP_2b1} buildings, or
just some of the buildings?
1. Yes – if DP_2b1 = 2, display BOTH of the buildings else display ALL of the buildings
2. Yes – if DP_2b1 = 2, display ONE of the buildings else display SOME of the buildings
<1> goto item DP_2b2a1
<2> goto Follow-up Procedures.

DP_2b2a1.
Are there any other buildings at different addresses that are covered under this mortgage?
1 Yes
2 No
<1> goto 2a
<2> goto item 2a

4

DP_2b2a2.
Are these {DP_2b1} buildings under the same title or deed?
1. Yes
2. No
<1> goto item DP_2b2a3
<2> goto Follow-up Procedures.

DP_2b2a3.
Are there any other buildings at different addresses that are also under the same title or deed
as the {DP_2b1} buildings?
1. Yes
2. No
<1> goto 2a
<2> goto item 2a

DP_2c. Is there a mortgage or similar debt covering the building?
1 Yes
2 No
<1> goto item DP_2c1
<2> goto item DP_2c2

5

DP_2c1.
Does the FIRST mortgage cover the whole building, or just the part of the building at {sample
address}?
1, Yes, WHOLE building
2, Yes, PART of the building
<1> goto item DP_2c1a
<2> goto Follow-up Procedures.

DP_2c1a.
Are there any other buildings at different addresses that are covered under this mortgage?
1 Yes
2 No
<1> goto 2a
<2> goto item 2a

DP_2c2.
Is the entire building under the same title or deed?
1 Yes
2 No
<1> goto item DP_2c2a
<2> goto Follow-up Procedures.

6

DP_2c2a
Are there any other buildings at different addresses that are also under the same title or deed
as this building?
1 Yes
2 No
<1> goto 2a
<2> goto item 2a

2a.

Please provide the number of residential units (separate living quarters) in each residential
building on this property and the address for each.

{fill street address}
{fill city} {fill state} {fill ZIP}

Number of
residential units

Street address

Building 1
Building 2
Building 3
Building 4
Building 5
Building 6
Building 7
Building 8
Building 9
Building 10
Building 11
Building 12
Building 13
Building 14
Building 15
Building 16
Building 17
Building 18
Building 19
Building 20

Total Buildings - {number of building lines with an entry}
Total Units – {sum the total number of residential units}

7

* Allow up to 50 buildings to be recorded separately. Maybe an option to add additional lines 10 at a time up to 50.
*When respondent leaves screen, a verification or edit screen should pop up that reads, You’ve reported {number
of building lines with an entry} buildings and {sum of the total number of residential units}. If this is correct,
press Enter to continue, otherwise please verify and correct your entries.
Edits for item 2a:
1. If DP_2a1 = 1 and (total buildings = 1 or 2), goto item 1a.
2. If DP_2a1 = 1 and total buildings ge 3, goto Follow-up Procedures.
3. If DP_2a2 = 1 and (total buildings = 1 or 2), goto item 1a.
4. If DP_2a2 = 1 and total buildings ge 3, goto Follow-up Procedures.
5. If DP_2b2a1 = 1 and total buildings gt 1, goto Follow-up Procedures
6. If DP_2b2a3 = 1 and total additional buildings gt 1, goto Follow-up Procedures.
7. If DP_2c1a = 1 and total additional buildings gt 1 goto Follow-up Procedures.
8. If DP_2c2a = 1 and total additional building gt 1 goto Follow-up Procedures.

If AHS Frame and unit is a MH (need variable name) and item 2a gt 1, goto item 3a
Else
If AHS Frame and item 2a gt 1, end interview
Else
If AHS Frame case, goto question 3a
Else item 1a.

1a.

Is this property –
Select only ONE response.
1 Operated by a public housing authority?
2 A manufactured housing community (manufactured/mobile homes)?
3 A condominium building(s)
4 An owner-occupied single family home; attached or detached
5 None of the above
<1 -4> End Interview
<5> Goto 3a

8

3a.

If AHS Frame and unit is a MH (need variable name), display In what year was this home
manufactured?
If AHS Frame, display In what year was this house/condominium constructed?
If MAF Frame, display In what year was the oldest residential building on this property
constructed?
___ ___ ___ ___ YEAR

If (MAF Frame or AHS Frame) and total buildings in item 2a = 1, goto item 4a
If AHS Frame – goto item 4a;
otherwise goto item 3b.

3b.

If MAF Frame – In what year was the most recent residential building on this property
constructed?

___ ___ ___ ___ YEAR
Goto item 4a

4a.

In what year was this property acquired (if original owner, report year construction
was completed)?
___ ___ ___ ___ YEAR
Goto item 4b

4b.

What was the purchase price of this property?
$

.00

Goto item 4c

4c.

What do you believe is the current market value of this property?
$

.00

Goto item 4d

9

4d.

Which of the following best reflects how you determined your estimate of the current
market value in question 4c?
Select only ONE response.
1
2
3
4
5
6
7
8

Local tax assessment of this property
Recent real estate appraisal
Insurance replacement cost
Original purchase price plus inflation
Original purchase price plus improvements and inflation
Selling or asking price of similar properties in area
Capitalization of current rental revenues
Other

<1 – 8> Goto item 5

If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1) display –
5.

Of the {total from item 2a} residential units reported, how many belong to each of the
following categories?
Efficiency or
studio (no
bedrooms)

1 bedroom

2 bedrooms

3 bedrooms
or more

a. Rented
b. Vacant-for rent
c. Occupied by
owner, property
personnel or unit
owner
d. Vacant for other
reasons
Total residential units

(Sum of 5a
– 5d

If sum of item 5a – 5d does not equal the sum from item 2, display:
Earlier you reported a total of {fill item 2 total} residential units on this property which
does not match the total in this item. Please review and revise your entries OR back
up and revise item 2.

10

If AHS Frame and numbed} = 1, display We have that this residential unit has {numbed}
bedroom? Is this correct?
Else
If AHS Frame and numbed} gt 1, display We have that this residential unit has {numbed}
bedrooms? Is this correct?
1 Yes
2 No
<1> goto Is this unit below
<2> goto How many bedrooms in this res unit?

If AHS Frame and {numbed} = blank, display
How many bedrooms are in this residential unit?
___ Bedrooms

Is this unit –
1 Rented
2 Vacant-for rent
3 Occupied by owner, property personnel or unit owner
4 Vacant for other reasons
If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1) - Goto item 5a
If AHS Frame – Goto item 6

MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1) only
5a.

What is the lowest asking rent?

$

.00

Goto item 5b

MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1) only
5b.

What is the highest asking rent?

$

.00

Goto item 6

11

6.

If AHS Frame and item 2a, TOTALUNITS = 1, display
What is the rent per month?
$

.00

If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display
Of the {total in item 5 table, rows a and b} residential units identified as RENTED OR
VACANT-FOR RENT, how many are offered at each level of rent per month?
Enter unit count for each box where appropriate.
*Only display the rows in the table that fall between the values reported in items 5a and 5b.
Efficiency or
studio (no
bedrooms)

1 bedroom

2 bedrooms

3 bedrooms
or more

No rent
$1 - $249
$250 - $274
$275 – $299
$300 - $349
$350 - $399
$400 - $449
$450 - $499
$500 - $549
$550 - $599
$600 - $649
$650 - $699
$700 - $749
$750 - $799
$800 - $899
$900 - $999
$1,000 - $1,099
$1,100 - $1,249
$1,250 - $1,499
$1,500 - $1,999
$2,000 - $2,499
$2,500 - $2,999
$3,000 or more

Total Units {sum of cells in item 6 table}
If the total in item 6 doesn’t equal the total in item 5, rows a and b, display:
In the previous item you reported {fill item 5, rows a and b total} units were rented or vacant
for rent. This does not match the total in this item. Please review and revise your entries OR
back up and revise the previous item.
Goto item 7a

12

7a.

Rent concessions are rent discounts offered by landlords to encourage tenants to
sign or renew a lease.
If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display – If a tenant rented
one of the {total units from item 5} residential units today, what is the equivalent value
of the rent concessions that you would be willing to offer?
If AHS Frame, display – What rent concessions does the current tenant receive?
Select only ONE response.
1
2
3
4

No rent concessions
Less than 1 month’s rent
1 month’s rent
Greater than 1 month’s rent

If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), goto item 7b
If AHS Frame, goto Item 8

7b.

If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display – How many
current residential units received rent concessions as part of their current lease?
__________ Tenants
Goto item 8

8.

If MAF Frame and item 2a, TOTALBLDGS = 1, display Is this building in a development
that is age restricted?
If (MAF Frame or AHS Frame) and item 2a, TOTALBLDGS ge 2, display Are these
buildings in a development that is age restricted?
If AHS Frame, display – Is this home in a development that is age restricted?
1 Yes
2 No
<1, 2> Goto item 9

13

9.

Rent control or rent stabilization refers to laws or ordinances, not related to subsidy
programs, that set maximum rental charges for residential housing.
If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display – Of the {total from
item 5a - b} residential units, how many are subject to rent control or stabilization?
_____ Units
If AHS Frame, display – Is this residential unit subject to rent control or stabilization?
1 Yes
2 No
Goto item 10

10.

If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display – How many
parking spaces are associated with the property?
Include all surface parking lots and garages.
_____ Spaces
If AHS Frame, display – Is there a driveway or other space available for private parking?
1 Yes
2 No
Goto item 11a

11a.

Are the following utilities included or not included in the rent?
Included
In rent

Not included
in rent

Electricity
Gas
Water
Sewer
*The Not available option is only valid for Gas.
Goto item 11b

14

Not Available

11b.

Are the following amenities included or not included in the rent?
Included
In rent

Not included
in rent

Not Available

Cable or Satellite TV
Internet or WiFi
Swimming pool
Off-street parking {if item 10 = 0, display an X in Not available}
Goto item 11c

If item 4a = 2015, goto item 13
11c.

You indicated that you bought the property in 2014. Are you able to answer questions
about the total income and expenses during 2014?
1 Yes
2 No
<1> Goto item 12a
<2> Goto item 13

12a.

If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display – What was the
total amount collected from rent for all residential housing units on this property
during calendar year 2014?
If AHS Frame, display – What was the total amount collected from rent for this
residential housing unit during calendar year 2014?

$

.00

Goto item 13

If AHS Frame and item 2a, TOTALUNITS = 1, go to item 15a
13.

Is there any space specified for commercial uses in this property – i.e., nonresidential
units such as a convenience store, doctor’s office, or any other business
establishment (do not include rental/management office)?
1 Yes
2 No
<1> Goto item 14b
<2> Goto item 15a

15

If item 4a = 2015, goto item 15a
If 11c = 2, goto item 15a
14b.

During calendar year 2014, did this property receive net rental income from the
commercial units or commercial space on this property?
1 Yes
2 No
COMMRENT - How much?
$

.00

<1> Goto COMMRENT
<2> Goto item 15a
* Only allow a response to COMMRENT if item 14b = 1.
15a.

Who has the responsibility for the day-to-day management of this property?
Select only ONE response.
1 Property owner or unpaid agent of owner (such as a family member)
2 Management agent directly employed by owner
3 Management company
4 Other
<1> Goto item 15b
<2, 3, 4> Goto item 16

15b.

On a monthly basis, how many hours does the owner (or owner agent) spend in the
management of this property?
____________ Hours

16

If item 4a = 2015, goto item 18
If 11c = 2, goto item 18
16.

The next 2 questions ask about operating expenses and capital improvements.
For this survey:
An operating expense is an expenditure that a business incurs in the course of
performing normal business operations, such as, funds spent to maintain the
property which may include repairs, services to maintain the property, taxes,
and insurance.
A capital improvement is considered to be the addition of a permanent
structural improvement, or the restoration of some aspect of a property, that
will either enhance the property’s overall value or increase its useful life.
This next question asks about the operating expenses.
In calendar year 2014, how much did you spend on each of the following operating
expenses for this property (do not include capital improvements)?
Yearly Cost
$

Payroll costs for employees hired
directly by owner

OR

None

.00
___
___

Real estate property taxes
___
Insurance
___
Electric/Gas
Water/Sewer

___

Maintenance and repairs

___
___

Management company
___
Other professional services (legal,
accounting)
___
Security
___
Grounds/landscaping
___
Any other operating expenses
Goto item 17

17

17.

The next question asks about the costs associated with any capital improvements.
A capital improvement is considered to be the addition of a permanent structural
improvement, or the restoration of some aspect of a property, that will either enhance
the property’s overall value or increase its useful life.
Exclude any amount spent on maintenance and repairs that were already reported.
During calendar year 2014, were any of the following capital improvements or
upgrades/replacements made at this residential property? If so, what were their
associated costs?

1

Heating or air conditioning system

Associated Cost
$
$

.00
.00

$

.00

$

.00

$

.00

$

.00

$

.00

$

.00

$

.00

2

Roof

3

Windows

4

Doors

5

Flooring/carpeting

6

Exterior

7

Plumbing system

8

Electrical system

9

Kitchen facilities

10

Bathroom facilities

$

.00

11

Handicapped/universal access

$

.00

12

All other capital improvements or
updates

$

.00

18

18.

How would you best describe the current ownership entity?
Select only ONE response.
1

Individual investor, including joint ownership by two or more individuals, such as
a married couple
2 Trustee for estate
3 LLP or LLC
4 Tenant in common
5 General partnership
6 Real Estate Investment Trust (REIT)
7 Real estate corporation
8 Corporation other than real estate corporation
9 Housing cooperative organization or stock cooperative
10 Nonprofit organization (including religious institution, labor union, or fraternal
organization)
11 Other kind of institution
<1 – 11> Goto item 19a

19a.

A Housing Choice (or Section 8) Voucher is a HUD program that pays all or part of the
rent and allows the tenant to take the voucher to a different unit.
If MAF Frame or (AHS Frame and item 2a, TOTALUNITS gt 1), display—
Do any tenants hold Housing Choice (or Section 8) Vouchers?
If AHS Frame, display—
Are you currently receiving a Housing Choice (Section 8) Voucher payment from a
public housing authority on behalf of your tenants?
1
2
3

Yes
No
Don’t know

<1> Goto item 19b
<2, 3> Goto item 20a

19b.

How many tenants hold Housing Choice (or Section 8) Vouchers?
_____ Tenants
Goto item 20a

19

If AHS Frame and item 2a, TOTALUNITS = 1, go to item 22
20a.

A Section 8 Housing Assistance Payment (HAP) contract covers all or most of the
units in a (usually larger) property and is an agreement in which HUD pays some or all
of the rent. Does this property have a Section 8 HAP contract?
1
2
3

Yes
No
Don’t know

<1 - 3> Goto item 21a

If AHS Frame and item 2a, TOTALUNITs = 1, go to item 22
21a.

A project-based voucher is an agreement with a public housing agency to keep a
Section 8 Voucher attached to a unit to pay some or all of the rent, even when the lowincome tenants move out and are replaced by other qualified tenants. Are any units
subsidized with a project-based Section 8 Vouchers?
1
2
3

Yes
No
Don’t know

<1 - 3> Goto item 22

If AHS Frame or item 2a, TOTALBLDGS = 2, 3, or 4, goto item 23.
22.

Does this property benefit from any of the following?
Yes
A government-sponsored, below-market interest rate
loan
A federal government rental subsidy OTHER than
Section 8 payments to project or tenants
Housing for the elderly direct loan program (Section
202)
Low-Income Housing Tax Credit Program (Section 42)
A government grant (HOME, CDBG, HOPE VI)
Other
No, not subsidized
Don’t know
Goto item 23

20

No

Don’t
Know

If item 4a = 2015, goto item 24a
If 11c = 2, goto item 24a
23.

For calendar year 2014, have any real estate tax reductions, abatements, or refunds
been received on this property for any of the following reasons?
Yes

No

Don’t
Know

For historic preservation
Because this property houses low-income tenants
Because this property is in a low-income area
Because this property is in a targeted economic
development area
For some other reason

Goto item MORT_INTRO

MORT_INTRO
The following section will ask about debt(s) on this property. This includes:





24a.

A mortgage, deed of trust, or trust deed (including mortgages that are backed by multifamily
bond financing)
A contract to purchase, land contract, or purchase agreement
A line of credit secured by this property or a property equity loan
Some other loan secured by this property (do not include personal loans or consumer
finance loans)

Is there a mortgage or similar debt on this property? Include mortgages that are
backed by bond financing.
1 Yes
2 No
<1> Goto item 24c
<2> Goto item 24b

24b.

Why is there no mortgage or similar debt on this property?
1 I do not need a mortgage
2 I have tried to get a mortgage, but was denied
3 Other
Goto End Interview

21

24c.

How many mortgages or similar debts are on this property?
_____ Mortgages or similar debts
Goto item 25

*Only responses that equal 1-4, D, R are valid.
* An edit should appear to responses 5 or greater.
Items 26 – 36 will cycle through up to 4 times depending on the response in item 24c.
25.
If item 24 = 1, display Is the debt on this property –
Else
If item 24 ge 2, display Are the debts on this property –
Select only ONE response per column.
DEBT 1
(25_1)

DEBT 2
(25_2)

DEBT 3
(25_3)

Debt 4
(25_4)

A mortgage, deed
of trust, or trust
deed (including
mortgages that
are backed by
multifamily bond
financing)?
A contract to
purchase, land
contract, or
purchase
agreement?
A line of credit
secured by this
property or a
property equity
loan?
Some other loan
secured by this
property (not
personal loans or
consumer finance
loans)?
Goto to item 26_1
*Only display the number of columns that equals the response in item 4c.

22

26_1.
If 25_1 = 1, display Regarding the mortgage, deed of trust, or trust deed on this property –
Else
If 25_1 = 2, display Regarding the contract to purchase, land contract, or purchase agreement
on this property–
Else
If 25_1 = 3, display Regarding the line of credit secured by this property or a property equity
loan on this property–
Else
If 25_1 = 4, display Regarding the other financing on this property –

Yes

No

Don’t
Know

A. Was a personal guarantee required?
B. Was there cross-collateralization?
Goto item 27a_1

27a_1.
If 25_1 = 1, display When did the mortgage, deed of trust, or trust deed on this property
originate?
Else
If 25_1 = 2, display When did the contract to purchase, land contract, or purchase agreement
on this property originate?
Else
If 25_1 = 3, display When did the line of credit secured by this property or a property equity
loan on this property originate?
Else
If 25_1 = 4, display When did the other financing on this property originate?

__ __ __ __ YEAR
Goto item 27b_1

23

27b_1.
If 25_1 = 1, display What was the original amount on the mortgage, deed of trust, or trust
deed?
Else
If 25_1 = 2, display What was the original amount on the contract to purchase, land contract,
or purchase agreement?
Else
If 25_1 = 3, goto item 27d_1
Else
If 25_1 = 4, display What was the original amount on the other financing?

$

.00

Goto item 27d_1

27d_1.
If 25_1 = 1, display What is the outstanding balance on the mortgage, deed of trust, or trust
deed?
Else
If 25_1 = 2, display What is the outstanding balance on the contract to purchase, land
contract, or purchase agreement?
Else
If 25_1 = 3, goto item 27e_1
Else
If 25_1 = 4, display What is the outstanding balance on the other financing?

$

.00
OR

1 Don’t know
Goto item 27e_1

24

27e_1.
If 25_1 = 1, goto item 27c_1
Else
If 25_1 = 2, goto item 27c_1
Else
If 25_1 = 3, How much is the line of credit secured by this property or the property equity loan
for?
Else
If 25_1 = 4, goto item 27c_1

$

.00

Goto item 27f_1

27f_1. What is the balance of the line of credit secured by this property or the property equity
loan?
$

.00

Goto item 27c_1

If 27a_1 = 2014 or 2015, go to item 28_1
27c_1.
If 25_1 = 1, display What was the original value of this property at the time of the mortgage’s,
deed of trust’s, or trust deed’s origination?
Else
If 25_1 = 2, display What was the original value of this property at the time of the contract to
purchase’s, land contract’s, or purchase agreement’s origination?
Else
If 25_1 = 3, display What was the original value of this property at the time of the line of credit
secured by this property’s or the property equity loan’s origination?
Else
If 25_1 = 4, display What was the original value of this property at the time of the other
financing’s origination?

$

.00

OR
1 Don’t know
Goto item 28_1

25

28_1.
If 25_1 = 1, display Is the mortgage, deed of trust, or trust deed on this property
Else
If 25_1 = 2, display Is the contract to purchase, land contract, or purchase agreement on this
property
Else
If 25_1 = 3, display Is the line of credit secured by this property or the property equity loan
Else
If 25_1 = 4, display Is the other financing on this property
Select only ONE response.

If (item 25_1 = 1 or 2) and (item 4a = item 27a_1), display only response options 1, 4, and 5.
If (item 25_1 = 1 or 2) and (item 4a NE item 27a_1), display only response options 1, 2, 3, 4, and 5.
If item 25_1 = 3 and (item 4a = item 27a_1), display only response options 1 and 5.
If item 25_1 = 3 and (item 4a NE item 27a_1), display only response options 1, 2, 3, and 5.
1 A new mortgage that was placed when this property was acquired?
2 A refinancing of a previous loan?
3 A mortgage placed on a property previously owned free and clear of debt?
4 A construction loan converted to permanent financing?
5 The same mortgage that was assumed from the previous owner when this
property was acquired?
<1 – 4> Goto item 29_1
<5> Goto item 31a_1

26

If item 25_1 = 2, go to item 31a_1.
29_1.
If 25_1 = 1, display Where did you get the mortgage, deed of trust, or trust deed on this
property?
Else
If 25_1 = 2, display Where did you get the contract to purchase, land contract, or purchase
agreement on this property?
Else
If 25_1 = 3, display Where did you get the line of credit secured by this property or the
property equity loan on this property?
Else
If 25_1 = 4, display Where did you get the other financing on this property?
Select only ONE response.
1 Commercial bank or trust company
2 Savings and loan association, federal savings bank, mutual savings bank
3 Life insurance company
4 Mortgage bank or mortgage company
5 Credit union
6 Finance company (including consumer discount company, industrial bank,
cooperative bank)
7 State or municipal government
8 State or local housing finance agency
9 Individual or individual’s estate
10 Other – Specify _____________
11 Don’t know
Goto item 31a_1

31a_1.
If 25_1 = 1, display What is the term of the loan on this property’s mortgage, deed of trust, or
trust deed?
Else
If 25_1 = 2, display What is the term of the loan on this property’s contract to purchase, land
contract, or purchase agreement?
Else
If 25_1 = 3, go to item 33_1.
Else
If 25_1 = 4, display What is the term on the loan on this property’s other financing?
___ ___ Years
Goto item 31b_1

27

31b_1.
If 25_1 = 1, display For this property’s mortgage, deed of trust, or trust deed, is there a
large payment due at the end of the loan term (a “balloon payment”), or is the loan paid in full
after a period of time (“fully amortized”)?
Else
If 25_1 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, is there a large payment due at the end of the loan term (a “balloon payment”), or
is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_1 = 3, go to item 33_1.
Else
If 25_1 = 4, display For this property’s other financing, Is there a large payment due at the end
of the loan term (a “balloon payment”), or is the loan paid in full after a period of time (“fully
amortized”)?
1 Balloon payment
2 Fully amortized
Goto item 32_1

33_1.
If 25_1 = 1, display Is the mortgage, deed of trust, or trust deed on this property –
Else
If 25_1 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property –
Else
If 25_1 = 3, display Is the line of credit secured by this property or the property equity loan on
this property –
Else
If 25_1 = 4, display Is the other financing on this property –
1 A fixed-rate, level payment
2 An adjustable rate mortgage (ARM)
<1> Goto item 35a_1
<2> Goto item 34a_1

28

34a_1.
If 25_1 = 1, display For this property’s mortgage, deed of trust, or trust deed, how frequently
can the interest rate of the ARM change? Once every –
Else
If 25_1 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_1 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_1 = 4, display For this property’s other financing, how frequently can the interest rate of
the ARM change? Once every –
Select only ONE response.
1 Month
2 3 months
3 6 months
4 Year
5 3 years
6 5 years
7 Other – Specify _______________
Goto item 35a_1

32_1.
If 25_1 = 1, display What is the current annual interest rate on the mortgage, deed of trust,
or trust deed?
Else
If 25_1 = 2, display What is the current annual interest rate on the contract to purchase,
land contract, or purchase agreement?
Else
If 25_1 = 3, display What is the current annual interest rate on the line of credit secured by
this property or the property equity loan?
Else
If 25_1 = 4, display What is the current annual interest rate on the other financing?
___ ___ . ___ ___ ___ %
Goto item 33_1

29

If item 25_1 = 3 and item 27f_1 = 0, go to item 36_1.
35a_1.
If 25_1 = 1, display Are there regularly required payments on this property’s mortgage,
deed of trust, or trust deed?
Else
If 25_1 = 2, display Are there regularly required payments on this property’s contract to
purchase, land contract, or purchase agreement?
Else
If 25_1 = 3, display Are there regularly required payments on this property’s line of credit
secured by this property or the property equity loan?
Else
If 25_1 = 4, display Are there regularly required payments on this property’s other financing?
1 Yes
2 No
<1> Goto item 35b_1
<2> Goto item 36_1

If item 25_1 = 3 and item 27f_1 = 0, go to item 36_1.
35b_1.
If 25_1 = 1, display For this property’s mortgage, deed of trust, or trust deed, what was the
amount of the most recent regularly required payment, including tax and insurance, if
required?
Else
If 25_1 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_1 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_1 = 4, display For this property’s other financing, what was the amount of the most
recent regularly required payment, including tax and insurance, if required?

$

.00

Goto item 35c_1

30

If item 25_1 = 3 and item 27f_1 = 0, go to item 36_1.
35c_1.
If 25_1 = 1, display For this property’s mortgage, deed of trust, or trust deed, how often
are these payments required to be made?
Else
If 25_1 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how often are these payments required to be made?
Else
If 25_1 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how often are these payments required to be made?
Else
If 25_1 = 4, display For this property’s other financing, how often are these payments
required to be made?
Select only ONE response.
1 Biweekly (every 2 weeks)
2 Monthly
3 Quarterly
4 Other
Goto item 35d_1

If item 25_1 = 3 and item 27f_1 = 0, go to item 36_1.
35d_1.
If 25_1 = 1, display For this property’s mortgage, deed of trust, or trust deed, what does
this regular payment include?
Else
If 25_1 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what does this regular payment include?
Else
If 25_1 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what does this regular payment include?
Else
If 25_1 = 4, display For this property’s other financing, what does this regular payment
include?
If item 25_1 = 3 and item 27f_1 GT 0, display only response options 1 and 2.
Yes
Principal
Interest
Property insurance
Private mortgage insurance (PMI)
Property taxes
Goto item 36_1

31

No

Don’t know

36_1.
If 25_1 = 1, display Is the mortgage, deed of trust, or trust deed on this property insured or
guaranteed by –
Else
If 25_1 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property insured or guaranteed by –
Else
If 25_1 = 3, goto item 25_2
Else
If 25_1 = 4, display Is the other financing on this property insured or guaranteed by –

Yes

No

Don’t know

The Federal Housing Administration
(FHA)?
The Department of Veterans Affairs (VA)?
Fannie Mae or Freddie Mac?
A private mortgage insurance company?
Other
Mortgage is not insured or guaranteed
Don’t know
If 25_2 = blank and 25_3 = blank and 25_4 = blank, goto End interview
Else
Goto item 26_2

32

26_2.
If 25_2 = 1 and 25_1 = 1, display Regarding the second mortgage, deed of trust, or trust deed
on this property –
Else
If 25_2 = 1 and 25_1 ne 1, display Regarding the mortgage, deed of trust, or trust deed on this
property –
Else If 25_2 = 2, display Regarding the contract to purchase, land contract, or purchase
agreement on this property–
Else
If 25_2 = 3, display Regarding the line of credit secured by this property or a property equity
loan on this property–
Else
If 25_2 = 4, display Regarding the other financing on this property –
Yes

No

Don’t
Know

A. Was a personal guarantee required?
B. Was there cross-collateralization?
Goto item 27a_2

27a_2.
If 25_2 = 1 and 25_1 = 1, display When did the second mortgage, deed of trust, or trust deed on
this property originate?
Else
If 25_2 = 1 and 25_1 ne 1, display When did the mortgage, deed of trust, or trust deed on this
property originate?
Else
If 25_2 = 2, display When did the contract to purchase, land contract, or purchase agreement
on this property originate?
Else
If 25_2 = 3, display When did the line of credit secured by this property or a property equity
loan on this property originate?
Else
If 25_2 = 4, display When did the other financing on this property originate?
__ __ __ __ YEAR
Goto item 27b_2

33

27b_2.
If 25_2 = 1 and 25_1 = 1, display What was the original amount on the second mortgage, deed
of trust, or trust deed?
Else
If 25_2 = 1 and 25_1 ne 1, display What was the original amount on the mortgage, deed of trust,
or trust deed?
Else
If 25_2 = 2, display What was the original amount on the contract to purchase, land contract,
or purchase agreement?
Else
If 25_2 = 3, goto item 27d_2
Else
If 25_2 = 4, display What was the original amount on the other financing?
$

.00

Goto item 27d_2

27d_2.
If 25_2 = 1 and 25_1 = 1, display What is the outstanding balance on the second mortgage,
deed of trust, or trust deed?
Else
If 25_2 = 1 and 25_1 ne 1, display What is the outstanding balance on the mortgage, deed of
trust, or trust deed?
Else
If 25_2 = 2, display What is the outstanding balance on the contract to purchase, land
contract, or purchase agreement?
Else
If 25_2 = 3, goto item 27e_2
Else
If 25_2 = 4, display What is the outstanding balance on the other financing?
$

.00
OR

1 Don’t know
Goto item 27e_2

34

27e_2.
If 25_2 = 1, goto item 27c_2
Else
If 25_2 = 2, goto item 27c_2
Else
If 25_2 = 3, How much is the line of credit secured by this property or the property equity loan
for?
Else
If 25_2 = 4, goto item 27c_2
$

.00

Goto item 27f_2

27f_2. What is the balance of the line of credit secured by this property or the property equity
loan?
$

.00

Goto item 27c_2

If 27a_2 = 2014 or 2015, go to item 28_2
27c_2.
If 25_2 = 1 and 25_1 = 1, display What was the original value of this property at the time of the
second mortgage’s, deed of trust’s, or trust deed’s origination?
Else
If 25_2 = 1 and 25_1 ne 1, display What was the original value of this property at the time of the
mortgage’s, deed of trust’s, or trust deed’s origination?
Else
If 25_2 = 2, display What was the original value of this property at the time of the contract to
purchase’s, land contract’s, or purchase agreement’s origination?
Else
If 25_2 = 3, display What was the original value of this property at the time of the line of credit
secured by this property’s or the property equity loan’s origination?
Else
If 25_2 = 4, display What was the original value of this property at the time of the other
financing’s origination?
$

.00

OR
1 Don’t know
Goto item 28_2

35

28_2.
If 25_2 = 1 and 25_1 = 1, display Is the second mortgage, deed of trust, or trust deed on this
property
Else
If 25_2 = 1 and 25_1 ne 1, display Is the mortgage, deed of trust, or trust deed on this property
Else
If 25_2 = 2, display Is the contract to purchase, land contract, or purchase agreement on this
property
Else
If 25_2 = 3, display Is the line of credit secured by this property or the property equity loan
Else
If 25_2 = 4, display Is the other financing on this property
Select only ONE response.
If (item 25_2 = 1 or 2) and (item 4a = item 27a_2), display only response options 1, 4, and 5.
If (item 25_2 = 1 or 2) and (item 4a NE item 27a_2), display only response options
1, 2, 3, 4, and 5.
If item 25_2 = 3 and (item 4a = item 27a_2), display only response options 1 and 5.
If item 25_2 = 3 and (item 4a NE item 27a_2), display only response options 1, 2, 3, and 5.
1 A new mortgage that was placed when this property was acquired?
2 A refinancing of a previous loan?
3 A mortgage placed on a property previously owned free and clear of debt?
4 A construction loan converted to permanent financing?
5 The same mortgage that was assumed from the previous owner when this
property was acquired?
<1 – 4> Goto item 29_2
<5> Goto item 31a_2

36

If item 25_2 = 2, go to item 31a_2.
29_2.
If 25_2 = 1 and 25_1 = 1, display Where did you get the second mortgage, deed of trust, or trust
deed on this property?
Else
If 25_2 = 1 and 25_1 ne 1, display Where did you get the mortgage, deed of trust, or trust deed
on this property?
Else
If 25_2 = 2, display Where did you get the contract to purchase, land contract, or purchase
agreement on this property?
Else
If 25_2 = 3, display Where did you get the line of credit secured by this property or the
property equity loan on this property?
Else
If 25_2 = 4, display Where did you get the other financing on this property?
Select only ONE response.
1 Commercial bank or trust company
2 Savings and loan association, federal savings bank, mutual savings bank
3 Life insurance company
4 Mortgage bank or mortgage company
5 Credit union
6 Finance company (including consumer discount company, industrial bank,
cooperative bank)
7 State or municipal government
8 State or local housing finance agency
9 Individual or individual’s estate
10 Other – Specify _____________
11 Don’t know
Goto item 31a_2

37

31a_2.
If 25_2 = 1 and 25_1 = 1, display What is the term of the loan on this property’s second
mortgage, deed of trust, or trust deed?
Else
If 25_2 = 1 and 25_1 ne 1, display What is the term of the loan on this property’s mortgage,
deed of trust, or trust deed?
Else
If 25_2 = 2, display What is the term of the loan on this property’s contract to purchase, land
contract, or purchase agreement?
Else
If 25_2 = 3, go to item 33_2.
Else
If 25_2 = 4, display What is the term on the loan on this property’s other financing?
___ ___ Years
Goto item 31b_2

31b_2.
If 25_2 = 1 and 25_1 = 1, display For this property’s second mortgage, deed of trust, or trust
deed, is there a large payment due at the end of the loan term (a “balloon payment”), or is the
loan paid in full after a period of time (“fully amortized”)?
Else
If 25_2 = 1 and 25_1 ne 1, display For this property’s mortgage, deed of trust, or trust deed, is
there a large payment due at the end of the loan term (a “balloon payment”), or is the loan
paid in full after a period of time (“fully amortized”)?
Else
If 25_2 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, is there a large payment due at the end of the loan term (a “balloon payment”), or
is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_2 = 3, go to item 33_2.
Else
If 25_2 = 4, display For this property’s other financing, Is there a large payment due at the end
of the loan term (a “balloon payment”), or is the loan paid in full after a period of time (“fully
amortized”)?
1 Balloon payment
2 Fully amortized
Goto item 32_2

38

33_2.
If 25_2 = 1 and 25_1 = 1, display Is the second mortgage, deed of trust, or trust deed on this
property –
Else
If 25_2 = 1 and 25_1 ne 1, display Is the mortgage, deed of trust, or trust deed on this property
–
Else
If 25_2 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property –
Else
If 25_2 = 3, display Is the line of credit secured by this property or the property equity loan on
this property –
Else
If 25_2 = 4, display Is the other financing on this property –
1 A fixed-rate, level payment
2 An adjustable rate mortgage (ARM)
<1> Goto item 35a_2
<2> Goto item 34a_2

34a_2.
If 25_2 = 1 and 25_1 = 1, display For this property’s second mortgage, deed of trust, or trust
deed, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_2 = 1 and 25_1 ne 1, display For this property’s mortgage, deed of trust, or trust deed,
how frequently can the interest rate of the ARM change? Once every –
Else
If 25_2 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_2 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_2 = 4, display For this property’s other financing, how frequently can the interest rate of
the ARM change? Once every –
Select only ONE response.
1 Month
2 3 months
3 6 months
4 Year
5 3 years
6 5 years
7 Other – Specify _______________
Goto item 35a_2

39

32_2.
If 25_2 = 1 and 25_1 = 1, display What is the current annual interest rate on the second
mortgage, deed of trust, or trust deed?
Else
If 25_2 = 1 and 25_1 ne 1, display What is the current annual interest rate on the mortgage,
deed of trust, or trust deed?
Else
If 25_2 = 2, display What is the current annual interest rate on the contract to purchase,
land contract, or purchase agreement?
Else
If 25_2 = 3, display What is the current annual interest rate on the line of credit secured by
this property or the property equity loan?
Else
If 25_2 = 4, display What is the current annual interest rate on the other financing?
___ ___ . ___ ___ ___ %
Goto item 33_2

If item 25_2 = 3 and item 27f_2 = 0, go to item 36_2.
35a_2.
If 25_2 = 1 and 25_1 = 1, display Are there regularly required payments on this property’s
second mortgage, deed of trust, or trust deed?
Else
If 25_2 = 1 and 25_1 ne 1, display Are there regularly required payments on this property’s
mortgage, deed of trust, or trust deed?
Else
If 25_2 = 2, display Are there regularly required payments on this property’s contract to
purchase, land contract, or purchase agreement?
Else
If 25_2 = 3, display Are there regularly required payments on this property’s line of credit
secured by this property or the property equity loan?
Else
If 25_2 = 4, display Are there regularly required payments on this property’s other financing?
1 Yes
2 No
<1> Goto item 35b_2
<2> Goto item 36_2

40

If item 25_2 = 3 and item 27f_2 = 0, go to item 36_2.
35b_2.
If 25_2 = 1 and 25_1 = 1, display For this property’s second mortgage, deed of trust, or trust
deed, what was the amount of the most recent regularly required payment, including tax and
insurance, if required?
Else
If 25_2 = 1 and 25_1 ne 1, display For this property’s mortgage, deed of trust, or trust deed,
what was the amount of the most recent regularly required payment, including tax and
insurance, if required?
Else
If 25_2 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_2 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_2 = 4, display For this property’s other financing, what was the amount of the most
recent regularly required payment, including tax and insurance, if required?
$

.00

Goto item 35c_2

41

If item 25_2 = 3 and item 27f_2 = 0, go to item 36_2.
35c_2.
If 25_2 = 1 and 25_1 = 1, display For this property’s second mortgage, deed of trust, or trust
deed, how often are these payments required to be made?
Else
If 25_2 = 1 and 25_1 ne 1, display For this property’s mortgage, deed of trust, or trust deed,
how often are these payments required to be made?
Else
If 25_2 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how often are these payments required to be made?
Else
If 25_2 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how often are these payments required to be made?
Else
If 25_2 = 4, display For this property’s other financing, how often are these payments
required to be made?
Select only ONE response.
1 Biweekly (every 2 weeks)
2 Monthly
3 Quarterly
4 Other
Goto item 35d_2

42

If item 25_2 = 3 and item 27f_2 = 0, go to item 36_2.
35d_2.
If 25_2 = 1 and 25_1 = 1, display For this property’s second mortgage, deed of trust, or trust
deed, what does this regular payment include?
Else
If 25_2 = 1 and 25_1 ne 1, display For this property’s mortgage, deed of trust, or trust deed,
what does this regular payment include?
Else
If 25_2 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what does this regular payment include?
Else
If 25_2 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what does this regular payment include?
Else
If 25_2 = 4, display For this property’s other financing, what does this regular payment
include?
If item 25_2 = 3 and item 27f_2 GT 0, display only response options 1 and 2.
Yes
Principal
Interest
Property insurance
Private mortgage insurance (PMI)
Property taxes
Goto item 36_2

43

No

Don’t know

36_2.
If 25_2 = 1 and 25_1 = 1, display Is the second mortgage, deed of trust, or trust deed on this
property insured or guaranteed by –
Else
If 25_2 = 1 and 25_1 ne 1, display Is the mortgage, deed of trust, or trust deed on this property
insured or guaranteed by –
Else
If 25_2 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property insured or guaranteed by –
Else
If 25_2 = 3, goto item 25_3
Else
If 25_2 = 4, display Is the other financing on this property insured or guaranteed by –
Yes
The Federal Housing Administration
(FHA)?
The Department of Veterans Affairs (VA)?
Fannie Mae or Freddie Mac?
A private mortgage insurance company?
Other
Mortgage is not insured or guaranteed
Don’t know
If 25_3 = blank and 25_4 = blank, goto End interview
Else
Goto item 26_3

44

No

Don’t know

26_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display Regarding the third mortgage, deed of trust, or
trust deed on this property –
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
Regarding the second mortgage, deed of trust, or trust deed on this property –
Else
If 25_3 = 1, display Regarding the mortgage, deed of trust, or trust deed on this property –
Else
If 25_3 = 2, display Regarding the contract to purchase, land contract, or purchase agreement
on this property–
Else
If 25_3 = 3, display Regarding the line of credit secured by this property or a property equity
loan on this property–
Else
If 25_3 = 4, display Regarding the other financing on this property –
Yes

No

Don’t
Know

A. Was a personal guarantee required?
B. Was there cross-collateralization?
Goto item 27a_3

27a_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display When did the third mortgage, deed of trust, or
trust deed on this property originate?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
When did the second mortgage, deed of trust, or trust deed on this property originate?
Else
If 25_3 = 1, display When did the mortgage, deed of trust, or trust deed on this property
originate?
Else
If 25_3 = 2, display When did the contract to purchase, land contract, or purchase agreement
on this property originate?
Else
If 25_3 = 3, display When did the line of credit secured by this property or a property equity
loan on this property originate?
Else
If 25_3 = 4, display When did the other financing on this property originate?
__ __ __ __ YEAR
Goto item 27b_3

45

27b_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display What was the original amount on the third
mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
What was the original amount on the second mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1, display What was the original amount on the mortgage, deed of trust, or trust
deed?
Else
If 25_3 = 2, display What was the original amount on the contract to purchase, land contract,
or purchase agreement?
Else
If 25_3 = 3, goto item 27d_3
Else
If 25_3 = 4, display What was the original amount on the other financing?
$

.00

Goto item 27d_3

27d_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, What is the outstanding balance on the third mortgage,
deed of trust, or trust deed?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
What is the outstanding balance on the second mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1, display What is the outstanding balance on the mortgage, deed of trust, or trust
deed?
Else
If 25_3 = 2, display What is the outstanding balance on the contract to purchase, land
contract, or purchase agreement?
Else
If 25_3 = 3, goto item 27e_3
Else
If 25_3 = 4, display What is the outstanding balance on the other financing?
$

.00
OR

1 Don’t know
Goto item 27e_3

46

27e_3.
If 25_3 = 1, goto item 27c_2
Else
If 25_3 = 2, goto item 27c_2
Else
If 25_3 = 3, How much is the line of credit secured by this property or the property equity loan
for?
Else
If 25_3 = 4, goto item 27c_3
$

.00

Goto item 27f_3

27f_3. What is the balance of the line of credit secured by this property or the property equity
loan?
$

.00

Goto item 27c_3

47

If 27a_3 = 2014 or 2015, go to item 28_3
27c_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display What was the original value of this property at
the time of the third mortgage’s, deed of trust’s, or trust deed’s origination?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
What was the original value of this property at the time of the second mortgage’s, deed of
trust’s, or trust deed’s origination?
Else
If 25_3 = 1, display What was the original value of this property at the time of the mortgage’s,
deed of trust’s, or trust deed’s origination?
Else
If 25_3 = 2, display What was the original value of this property at the time of the contract to
purchase’s, land contract’s, or purchase agreement’s origination?
Else
If 25_3 = 3, display What was the original value of this property at the time of the line of credit
secured by this property’s or the property equity loan’s origination?
Else
If 25_3 = 4, display What was the original value of this property at the time of the other
financing’s origination?
$

.00

OR
1 Don’t know
Goto item 28_3

48

28_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display Is the third mortgage, deed of trust, or trust deed
on this property
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display Is
the second mortgage, deed of trust, or trust deed on this property
Else
If 25_3 = 1, display Is the mortgage, deed of trust, or trust deed on this property
Else
If 25_3 = 2, display Is the contract to purchase, land contract, or purchase agreement on this
property
Else
If 25_3 = 3, display Is the line of credit secured by this property or the property equity loan
Else
If 25_3 = 4, display Is the other financing on this property
Select only ONE response.
If (item 25_3 = 1 or 2) and (item 4a = item 27a_3), display only response options 1, 4, and 5.
If (item 25_3 = 1 or 2) and (item 4a NE item 27a_3), display only response options
1, 2, 3, 4, and 5.
If item 25_3 = 3 and (item 4a = item 27a_3), display only response options 1 and 5.
If item 25_3 = 3 and (item 4a NE item 27a_3), display only response options 1, 2, 3, and 5.
1 A new mortgage that was placed when this property was acquired?
2 A refinancing of a previous loan?
3 A mortgage placed on a property previously owned free and clear of debt?
4 A construction loan converted to permanent financing?
5 The same mortgage that was assumed from the previous owner when this
property was acquired?
<1 – 4> Goto item 29_3
<5> Goto item 31a_3

49

If item 25_3 = 2, go to item 31a_3.
29_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display Where did you get the third mortgage, deed of
trust, or trust deed on this property?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
Where did you get the second mortgage, deed of trust, or trust deed on this property?
Else
If 25_3 = 1, display Where did you get the mortgage, deed of trust, or trust deed on this
property?
Else
If 25_3 = 2, display Where did you get the contract to purchase, land contract, or purchase
agreement on this property?
Else
If 25_3 = 3, display Where did you get the line of credit secured by this property or the
property equity loan on this property?
Else
If 25_3 = 4, display Where did you get the other financing on this property?
Select only ONE response.
1 Commercial bank or trust company
2 Savings and loan association, federal savings bank, mutual savings bank
3 Life insurance company
4 Mortgage bank or mortgage company
5 Credit union
6 Finance company (including consumer discount company, industrial bank,
cooperative bank)
7 State or municipal government
8 State or local housing finance agency
9 Individual or individual’s estate
10 Other – Specify _____________
11 Don’t know
Goto item 31a_3

50

31a_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display What is the term of the loan on this property’s
third mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
What is the term of the loan on this property’s second mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1, display What is the term of the loan on this property’s mortgage, deed of trust, or
trust deed?
Else
If 25_3 = 2, display What is the term of the loan on this property’s contract to purchase, land
contract, or purchase agreement?
Else
If 25_3 = 3, go to item 33_3.
Else
If 25_3 = 4, display What is the term on the loan on this property’s other financing?
___ ___ Years
Goto item 31b_3

51

31b_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display For this property’s third mortgage, deed of
trust, or trust deed, is there a large payment due at the end of the loan term (a “balloon
payment”), or is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
For this property’s second mortgage, deed of trust, or trust deed, is there a large payment
due at the end of the loan term (a “balloon payment”), or is the loan paid in full after a period
of time (“fully amortized”)?
Else
If 25_3 = 1, display For this property’s mortgage, deed of trust, or trust deed, is there a
large payment due at the end of the loan term (a “balloon payment”), or is the loan paid in full
after a period of time (“fully amortized”)?
Else
If 25_3 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, is there a large payment due at the end of the loan term (a “balloon payment”), or
is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_3 = 3, go to item 33_3.
Else
If 25_3 = 4, display For this property’s other financing, Is there a large payment due at the end
of the loan term (a “balloon payment”), or is the loan paid in full after a period of time (“fully
amortized”)?
1 Balloon payment
2 Fully amortized
Goto item 32_3

52

33_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display Is the third mortgage, deed of trust, or trust
deed on this property –
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display Is
the second mortgage, deed of trust, or trust deed on this property –
Else
If 25_3 = 1, display Is the mortgage, deed of trust, or trust deed on this property –
Else
If 25_3 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property –
Else
If 25_3 = 3, display Is the line of credit secured by this property or the property equity loan on
this property –
Else
If 25_3 = 4, display Is the other financing on this property –
1 A fixed-rate, level payment
2 An adjustable rate mortgage (ARM)
<1> Goto item 35a_3
<2> Goto item 34a_3

53

34a_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display For this property’s third mortgage, deed of
trust, or trust deed, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
For this property’s second mortgage, deed of trust, or trust deed, how frequently can the
interest rate of the ARM change? Once every –
Else
If 25_3 = 1, display For this property’s mortgage, deed of trust, or trust deed, how
frequently can the interest rate of the ARM change? Once every –
Else
If 25_3 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_3 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_3 = 4, display For this property’s other financing, how frequently can the interest rate of
the ARM change? Once every –
Select only ONE response.
1 Month
2 3 months
3 6 months
4 Year
5 3 years
6 5 years
7 Other – Specify _______________
Goto item 35a_3

54

32_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display What is the current annual interest rate on the
third mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
What is the current annual interest rate on the second mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1, display What is the current annual interest rate on the mortgage, deed of trust,
or trust deed?
Else
If 25_3 = 2, display What is the current annual interest rate on the contract to purchase,
land contract, or purchase agreement?
Else
If 25_3 = 3, display What is the current annual interest rate on the line of credit secured by this
property or the property equity loan?
Else
If 25_3 = 4, display What is the current annual interest rate on the other financing?
___ ___ . ___ ___ ___ %
Goto item 33_3

If item 25_3 = 3 and item 27f_3 = 0, go to item 36_3.
35a_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display Are there regularly required payments on this
property’s third mortgage, deed of trust, or trust deed?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
Are there regularly required payments on this property’s second mortgage, deed of trust, or
trust deed?
Else
If 25_3 = 1, display Are there regularly required payments on this property’s mortgage,
deed of trust, or trust deed?
Else
If 25_3 = 2, display Are there regularly required payments on this property’s contract to
purchase, land contract, or purchase agreement?
Else
If 25_3 = 3, display Are there regularly required payments on this property’s line of credit
secured by this property or the property equity loan?
Else
If 25_3 = 4, display Are there regularly required payments on this property’s other financing?
1 Yes
2 No
<1> Goto item 35b_3
<2> Goto item 36_3

55

If item 25_3 = 3 and item 27f_3 = 0, go to item 36_3.
35b_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display For this property’s third mortgage, deed of
trust, or trust deed, what was the amount of the most recent regularly required payment,
including tax and insurance, if required?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
For this property’s second mortgage, deed of trust, or trust deed, what was the amount of the
most recent regularly required payment, including tax and insurance, if required?
Else
If 25_3 = 1, display For this property’s mortgage, deed of trust, or trust deed, what was the
amount of the most recent regularly required payment, including tax and insurance, if
required?
Else
If 25_3 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_3 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_3 = 4, display For this property’s other financing, what was the amount of the most
recent regularly required payment, including tax and insurance, if required?
$

.00

Goto item 35c_3

56

If item 25_3 = 3 and item 27f_3 = 0, go to item 36_3.
35c_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display For this property’s third mortgage, deed of
trust, or trust deed, how often are these payments required to be made?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
For this property’s second mortgage, deed of trust, or trust deed, how often are these
payments required to be made?
Else
If 25_3 = 1, display For this property’s mortgage, deed of trust, or trust deed, how often
are these payments required to be made?
Else
If 25_3 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how often are these payments required to be made?
Else
If 25_3 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how often are these payments required to be made?
Else
If 25_3 = 4, display For this property’s other financing, how often are these payments
required to be made?
Select only ONE response.
1 Biweekly (every 2 weeks)
2 Monthly
3 Quarterly
4 Other
Goto item 35d_3

57

If item 25_3 = 3 and item 27f_3 = 0, go to item 36_3.
35d_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display For this property’s third mortgage, deed of
trust, or trust deed, what does this regular payment include?
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display
For this property’s second mortgage, deed of trust, or trust deed, what does this regular
payment include?
Else
If 25_3 = 1, display For this property’s mortgage, deed of trust, or trust deed, what does
this regular payment include?
Else
If 25_3 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what does this regular payment include?
Else
If 25_3 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what does this regular payment include?
Else
If 25_3 = 4, display For this property’s other financing, what does this regular payment
include?
If item 25_3 = 3 and item 27f_3 GT 0, display only response options 1 and 2.
Yes
Principal
Interest
Property insurance
Private mortgage insurance (PMI)
Property taxes
Goto item 36_3

58

No

Don’t know

36_3.
If 25_3 = 1 and 25_1 = 1 and 25_2 = 1, display Is the third mortgage, deed of trust, or trust
deed on this property insured or guaranteed by –
Else
If 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_3 = 1 and (25_1 ne = 1 and 25_2 = 1)), display Is
the second mortgage, deed of trust, or trust deed on this property insured or guaranteed by –
Else
If 25_3 = 1, display Is the mortgage, deed of trust, or trust deed on this property insured or
guaranteed by –
Else
If 25_3 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property insured or guaranteed by –
Else
If 25_3 = 3, goto item 25_4
Else
If 25_3 = 4, display Is the other financing on this property insured or guaranteed by –
Yes
The Federal Housing Administration
(FHA)?
The Department of Veterans Affairs (VA)?
Fannie Mae or Freddie Mac?
A private mortgage insurance company?
Other
Mortgage is not insured or guaranteed
Don’t know
If 25_4 = blank, goto End interview
Else
Goto to item 26_4

59

No

Don’t know

26_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display Regarding the fourth mortgage,
deed of trust, or trust deed on this property –
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display Is the
third mortgage, deed of trust, or trust deed on this property insured or guaranteed by –
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display Regarding the second mortgage, deed of
trust, or trust deed on this property –
Else
If 25_4 = 1, display Regarding the mortgage, deed of trust, or trust deed on this property –
Else
If 25_4 = 2, display Regarding the contract to purchase, land contract, or purchase agreement
on this property–
Else
If 25_4 = 3, display Regarding the line of credit secured by this property or a property equity
loan on this property–
Else
If 25_4 = 4, display Regarding the other financing on this property –
Yes
A. Was a personal guarantee required?
B. Was there cross-collateralization?
Goto item 27a_4

60

No

Don’t
Know

27a_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display When did the fourth mortgage, deed
of trust, or trust deed on this property originate?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display When
did the third mortgage, deed of trust, or trust deed on this property originate?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display When did the second mortgage, deed of
trust, or trust deed on this property originate?
Else
If 25_4 = 1, display When did the mortgage, deed of trust, or trust deed on this property
originate?
Else
If 25_4 = 2, display When did the contract to purchase, land contract, or purchase agreement
on this property originate?
Else
If 25_4 = 3, display When did the line of credit secured by this property or a property equity
loan on this property originate?
Else
If 25_4 = 4, display When did the other financing on this property originate?
__ __ __ __ YEAR
Goto item 27b_4

61

27b_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display What was the original amount on
the fourth mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display What
was the original amount on the third mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display What was the original amount on the
second mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1, display What was the original amount on the mortgage, deed of trust, or trust
deed?
Else
If 25_4 = 2, display What was the original amount on the contract to purchase, land contract,
or purchase agreement?
Else
If 25_4 = 3, goto item 27d_4
Else
If 25_4 = 4, display What was the original amount on the other financing?
$

.00

Goto item 27d_4

62

27d_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display What is the outstanding balance on
the fourth mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display What
is the outstanding balance on the third mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display What is the outstanding balance on the
second mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1, display What is the outstanding balance on the mortgage, deed of trust, or trust
deed?
Else
If 25_4 = 2, display What is the outstanding balance on the contract to purchase, land
contract, or purchase agreement?
Else
If 25_4 = 3, goto item 27e_4
Else
If 25_4 = 4, display What is the outstanding balance on the other financing?
$

.00
OR

1 Don’t know
Goto item 27e_4

27e_4.
If 25_4 = 1, goto item 27c_4
Else
If 25_4 = 2, goto item 27c_4
Else
If 25_4 = 3, How much is the line of credit secured by this property or the property equity loan
for?
Else
If 25_4 = 4, goto item 27c_4
$

.00

Goto item 27f_4

63

27f_4. What is the balance of the line of credit secured by this property or the property equity
loan?
$

.00

Goto item 27c_4

If 27a_4 = 2014 or 2015, go to item 28_4
27c_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display What was the original value of this
property at the time of the fourth mortgage’s, deed of trust’s, or trust deed’s origination?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display What
was the original value of this property at the time of the third mortgage’s, deed of trust’s, or
trust deed’s origination?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display What was the original value of this property
at the time of the second mortgage’s, deed of trust’s, or trust deed’s origination?
Else
If 25_4 = 1, display What was the original value of this property at the time of the mortgage’s,
deed of trust’s, or trust deed’s origination?
Else
If 25_4 = 2, display What was the original value of this property at the time of the contract to
purchase’s, land contract’s, or purchase agreement’s origination?
Else
If 25_4 = 3, display What was the original value of this property at the time of the line of credit
secured by this property’s or the property equity loan’s origination?
Else
If 25_4 = 4, display What was the original value of this property at the time of the other
financing’s origination?
$

.00

OR
1 Don’t know
Goto item 28_4

64

28_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display Is the fourth mortgage, deed of
trust, or trust deed on this property
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display Is the
third mortgage, deed of trust, or trust deed on this property
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display Is the second mortgage, deed of trust, or
trust deed on this property
Else
If 25_4 = 1, display Is the mortgage, deed of trust, or trust deed on this property
Else
If 25_4 = 2, display Is the contract to purchase, land contract, or purchase agreement on this
property
Else
If 25_4 = 3, display Is the line of credit secured by this property or the property equity loan
Else
If 25_4 = 4, display Is the other financing on this property
Select only ONE response.
If (item 25_4 = 1 or 2) and (item 4a = item 27a_4), display only response options 1, 4, and 5.
If (item 25_4 = 1 or 2) and (item 4a NE item 27a_4), display only response options
1, 2, 3, 4, and 5.
If item 25_4 = 3 and (item 4a = item 27a_4), display only response options 1 and 5.
If item 25_4 = 3 and (item 4a NE item 27a_4), display only response options 1, 2, 3, and 5.
1 A new mortgage that was placed when this property was acquired?
2 A refinancing of a previous loan?
3 A mortgage placed on a property previously owned free and clear of debt?
4 A construction loan converted to permanent financing?
5 The same mortgage that was assumed from the previous owner when this
property was acquired?
<1 – 4> Goto item 29_4
<5> Goto item 31a_4

65

If item 25_4 = 2, go to item 31a_4.
29_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display Where did you get the fourth
mortgage, deed of trust, or trust deed on this property?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display
Where did you get the third mortgage, deed of trust, or trust deed on this property?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display Where did you get the second mortgage,
deed of trust, or trust deed on this property?
Else
If 25_4 = 1, display Where did you get the mortgage, deed of trust, or trust deed on this
property?
Else
If 25_4 = 2, display Where did you get the contract to purchase, land contract, or purchase
agreement on this property?
Else
If 25_4 = 3, display Where did you get the line of credit secured by this property or the
property equity loan on this property?
Else
If 25_4 = 4, display Where did you get the other financing on this property?
Select only ONE response.
1 Commercial bank or trust company
2 Savings and loan association, federal savings bank, mutual savings bank
3 Life insurance company
4 Mortgage bank or mortgage company
5 Credit union
6 Finance company (including consumer discount company, industrial bank,
cooperative bank)
7 State or municipal government
8 State or local housing finance agency
9 Individual or individual’s estate
10 Other – Specify _____________
11 Don’t know
Goto item 31a_4

66

31a_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display What is the term of the loan on this
property’s fourth mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display What
is the term of the loan on this property’s third mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display What is the term of the loan on this
property’s second mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1, display What is the term of the loan on this property’s mortgage, deed of trust, or
trust deed?
Else
If 25_4 = 2, display What is the term of the loan on this property’s contract to purchase, land
contract, or purchase agreement?
Else
If 25_4 = 3, go to item 33_4.
Else
If 25_4 = 4, display What is the term on the loan on this property’s other financing?
___ ___ Years
Goto item 31b_4

67

31b_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display For this property’s fourth mortgage,
deed of trust, or trust deed, is there a large payment due at the end of the loan term (a
“balloon payment”), or is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display For
this property’s third mortgage, deed of trust, or trust deed, is there a large payment due at the
end of the loan term (a “balloon payment”), or is the loan paid in full after a period of time
(“fully amortized”)?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display For this property’s second mortgage,
deed of trust, or trust deed, is there a large payment due at the end of the loan term (a
“balloon payment”), or is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_4 = 1, display For this property’s mortgage, deed of trust, or trust deed, is there a
large payment due at the end of the loan term (a “balloon payment”), or is the loan paid in full
after a period of time (“fully amortized”)?
Else
If 25_4 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, is there a large payment due at the end of the loan term (a “balloon payment”), or
is the loan paid in full after a period of time (“fully amortized”)?
Else
If 25_4 = 3, go to item 33_4.
Else
If 25_4 = 4, display For this property’s other financing, Is there a large payment due at the end
of the loan term (a “balloon payment”), or is the loan paid in full after a period of time (“fully
amortized”)?
1 Balloon payment
2 Fully amortized
Goto item 32_4

68

33_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display Is the fourth mortgage, deed of
trust, or trust deed on this property –
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display Is the
third mortgage, deed of trust, or trust deed on this property –
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display Is the second mortgage, deed of trust,
or trust deed on this property –
Else
If 25_4 = 1, display Is the mortgage, deed of trust, or trust deed on this property –
Else
If 25_4 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property –
Else
If 25_4 = 3, display Is the line of credit secured by this property or the property equity loan on
this property –
Else
If 25_4 = 4, display Is the other financing on this property –
1 A fixed-rate, level payment
2 An adjustable rate mortgage (ARM)
<1> Goto item 35a_4
<2> Goto item 34a_4

69

34a_3.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display For this property’s fourth mortgage,
deed of trust, or trust deed, how frequently can the interest rate of the ARM change? Once
every –
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display For
this property’s third mortgage, deed of trust, or trust deed, how frequently can the interest
rate of the ARM change? Once every –
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display For this property’s second mortgage,
deed of trust, or trust deed, how frequently can the interest rate of the ARM change? Once
every –
Else
If 25_4 = 1, display For this property’s mortgage, deed of trust, or trust deed, how
frequently can the interest rate of the ARM change? Once every –
Else
If 25_4 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_4 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how frequently can the interest rate of the ARM change? Once every –
Else
If 25_4 = 4, display For this property’s other financing, how frequently can the interest rate of
the ARM change? Once every –
Select only ONE response.
1 Month
2 3 months
3 6 months
4 Year
5 3 years
6 5 years
7 Other – Specify _______________
Goto item 35a_4

70

32_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display What is the current annual interest
rate on the fourth mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display What
is the current annual interest rate on the third mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display What is the current annual interest
rate on the second mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1, display What is the current annual interest rate on the mortgage, deed of trust,
or trust deed?
Else
If 25_4 = 2, display What is the current annual interest rate on the contract to purchase,
land contract, or purchase agreement?
Else
If 25_4 = 3, display What is the current annual interest rate on the line of credit secured by this
property or the property equity loan?
Else
If 25_4 = 4, display What is the current annual interest rate on the other financing?
___ ___ . ___ ___ ___ %
Goto item 33_4

71

If item 25_4 = 3 and item 27f_4 = 0, go to item 36_4.
35a_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display Are there regularly required
payments on this property’s fourth mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display Are
there regularly required payments on this property’s third mortgage, deed of trust, or trust
deed?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display Are there regularly required payments
on this property’s second mortgage, deed of trust, or trust deed?
Else
If 25_4 = 1, display Are there regularly required payments on this property’s mortgage,
deed of trust, or trust deed?
Else
If 25_4 = 2, display Are there regularly required payments on this property’s contract to
purchase, land contract, or purchase agreement?
Else
If 25_4 = 3, display Are there regularly required payments on this property’s line of credit
secured by this property or the property equity loan?
Else
If 25_4 = 4, display Are there regularly required payments on this property’s other financing?
1 Yes
2 No
<1> Goto item 35b_4
<2> Goto item 36_4

72

If item 25_4 = 3 and item 27f_4 = 0, go to item 36_4.
35b_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display For this property’s fourth mortgage,
deed of trust, or trust deed, what was the amount of the most recent regularly required
payment, including tax and insurance, if required?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display For
this property’s third mortgage, deed of trust, or trust deed, what was the amount of the most
recent regularly required payment, including tax and insurance, if required?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display For this property’s second mortgage,
deed of trust, or trust deed, what was the amount of the most recent regularly required
payment, including tax and insurance, if required?
Else
If 25_4 = 1, display For this property’s mortgage, deed of trust, or trust deed, what was the
amount of the most recent regularly required payment, including tax and insurance, if
required?
Else
If 25_4 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_4 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what was the amount of the most recent regularly required payment, including
tax and insurance, if required?
Else
If 25_4 = 4, display For this property’s other financing, what was the amount of the most
recent regularly required payment, including tax and insurance, if required?
$

.00

Goto item 35c_4

73

If item 25_4 = 3 and item 27f_4 = 0, go to item 36_4.
35c_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display For this property’s fourth
mortgage, deed of trust, or trust deed, how often are these payments required to be made?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display For
this property’s third mortgage, deed of trust, or trust deed, how often are these payments
required to be made?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display For this property’s second mortgage,
deed of trust, or trust deed, how often are these payments required to be made?
Else
If 25_4 = 1, display For this property’s mortgage, deed of trust, or trust deed, how often
are these payments required to be made?
Else
If 25_4 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, how often are these payments required to be made?
Else
If 25_4 = 3, display For this property’s line of credit secured by this property or the property
equity loan, how often are these payments required to be made?
Else
If 25_4 = 4, display For this property’s other financing, how often are these payments
required to be made?
Select only ONE response.
1 Biweekly (every 2 weeks)
2 Monthly
3 Quarterly
4 Other
Goto item 35d_4

74

If item 25_4 = 3 and item 27f_4 = 0, go to item 36_4.
35d_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display For this property’s fourth mortgage,
deed of trust, or trust deed, what does this regular payment include?
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display For
this property’s third mortgage, deed of trust, or trust deed, what does this regular payment
include?
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display For this property’s second mortgage,
deed of trust, or trust deed, what does this regular payment include?
Else
If 25_4 = 1, display For this property’s mortgage, deed of trust, or trust deed, what does
this regular payment include?
Else
If 25_4 = 2, display For this property’s contract to purchase, land contract, or purchase
agreement, what does this regular payment include?
Else
If 25_4 = 3, display For this property’s line of credit secured by this property or the property
equity loan, what does this regular payment include?
Else
If 25_4 = 4, display For this property’s other financing, what does this regular payment
include?
If item 25_4 = 3 and item 27f_4 GT 0, display only response options 1 and 2.
Yes
Principal
Interest
Property insurance
Private mortgage insurance (PMI)
Property taxes
Goto item 36_4

75

No

Don’t know

36_4.
If 25_4 = 1 and 25_1 = 1 and 25_2 = 1 and 25_3 = 1, display Is the fourth mortgage, deed of
trust, or trust deed on this property insured or guaranteed by –
Else
If 25_4 = 1 and 25_1 = 1 and ((25_2 = 1 and 25_3 ne 1) or (25_2 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_2 = 1 and ((25_1 = 1 and 25_ 3 ne 1) or (25_1 ne 1 and 25_3 = 1)) or
25_4 = 1 and 25_3 = 1 and ((25_1 = 1 and 25_2 ne 1) or (25_1 ne 1 and 25_2 = 1)), display Is the
third mortgage, deed of trust, or trust deed on this property insured or guaranteed by –
Else
If 25_4 = 1 and ((25_1 = 1 and 25_2 ne 1 or 25_3 ne 1) or (25_1 ne 1 and 25_2 = 1 and 25_3 ne 1)
or (25_1 ne 1 and 25_2 ne 1 and 25_3 = 1)), display Is the second mortgage, deed of trust,
or trust deed on this property insured or guaranteed by –
Else
If 25_4 = 1, display Is the mortgage, deed of trust, or trust deed on this property insured or
guaranteed by –
Else
If 25_4 = 2, display Is the contract to purchase, land contract, or purchase agreement
on this property insured or guaranteed by –
Else
If 25_4 = 3, goto End interview
Else
If 25_4 = 4, display Is the other financing on this property insured or guaranteed by –
Yes

No

Don’t know

The Federal Housing Administration
(FHA)?
The Department of Veterans Affairs (VA)?
Fannie Mae or Freddie Mac?
A private mortgage insurance company?
Other
Mortgage is not insured or guaranteed
Don’t know

Follow-up Procedures
Specific follow-up procedures for telephone clerks and field representatives TBD.

End interview

76