Green Loans Are Turning Mortgage Lending Upside Down

October 10, 2016

Energy-efficient upgrades such as solar panels may be an important goal, but critics say there are too many negatives about the loans. Backed by the government, Property Assessed Clean Energy (PACE) loans take priority over mortgage in situations like foreclosures, which means that if homeowners fall behind on mortgage payments, they may suddenly owe an entire year’s worth of PACE payments.

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