Sentences with phrase «accepting loan default»

Not exact matches

Deed - in - lieu of Foreclosure: The servicer agrees to accept the deed to your property in case of loan default.

If you have defaulted, the government allows a collection agency to accept a lump - sum payment under three conditions: A) You pay the balance of the loan and interest, but not the collection agency charge; B) You pay the principal plus half the unpaid interest; or C) You pay 90 % of the remaining principal and interest.

With private sector loans, the Federal Government accepts the financial risk of default to private lenders, but the interest payment and principal goes to the bank.

Possibly part of the reason that the default rate has declined is that the overall enrollment in proprietary schools slightly decreased and sanctioning institutions with excessively high default rates from accepting federal loans as payment.

In addition to adding your name to the «Deadbeat Doctors List,» if you default, the Department of Education can send your account to a collection agency, take you to court to enforce collection of the loan, prevent you from accepting Medicare at your medical practice, and offset your tax refund.

I considered letting my loans go into default, accepting a bad credit score, and forgetting about being a home - owner.

That's why the federal government came to an agreement with CMHC and Genworth to offer mortgage default loan insurance (the official name) to lenders who were willing to accept a less than 20 % down payment when it came to a home purchase.

Great Lakes also mentions in their FAQ section that they don't accept credit card payments, except for loans in default.

the lienholder (lender) does not object to the executory contract and consents to verify the status of the loan on request of the purchaser and to accept payments directly from the purchaser if the seller defaults on the loan; and 5.