Friday, April 28, 2017

Changes to Financing Data Field

On Tuesday, May 2nd, you will see a few minor changes to the Sold data field titled Financing which refers to the Type of Financing used when the property is sold.  Below is a list of how the current field appears in the MLS system and how that same option will appear next Tuesday.

Current
New
Cash to MTG Assumption
Contract For Deed Owner Financing
Private Financing Private Private

While some of these changes seem minor, it is necessary in order to meet NAR's efforts of standardizing key data in all MLS systems nationwide.  If you have any questions, or experience any issues due to these changes, please call us at 904-394-9494 x 1605

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