Sentences with phrase «against the borrower»

They also get a deficiency judgment against the borrower for the difference between the loan balance plus costs and interest and what the lender got for the property at the foreclosure sale.

The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.

The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.

Are there any judgment liens against the borrower's property?

Private mortgage insurance typically covers the top 20 % of a home loan against borrower default (failure to pay).

In theory, a default on a payday loan could prompt a lender to file a civil claim against the borrower.

A debt which is not secured against the borrower's property.

Since 1934, the federal government has been insuring mortgages against borrower default.

However, the bank is entitled to take legal action against the borrower before any other competent court.

Sometimes, if the sale of the property at auction isn't enough to pay off the loan, a deficiency judgment can be issued against the borrower.

The business deductions count against the borrower because mortgage eligibility is based on net income.

Today almost all commercial mortgages will require personal guarantee s and are with recourse against the borrower.

No other action an be taken against the borrower.

Among multiple offspring, such reductions should be against the borrower rather than spreading it out.

Unfortunately, this hasn't stopped some payday lenders from filing criminal complaints against borrowers anyway in the past.

It was not to protect against borrower default risk but to boost yields and make returns more attractive to other financial institutions.

These include a federal guarantee against borrower default, special allowance payments and lender - paid origination fees.

Now if there is one strike against a borrower other factors are taken into consideration.

This in turn affects the amount of the deficiency judgment the lender may pursue against the borrower related to the unpaid balance of the note.

Ask them if they allow borrowers to use their contribution for paying off such things as bad debt or to settle judgments against the borrower.

Are there any judgment liens against the borrower's property?

Below are some examples of how Conventional Investment Property Loans differ from loans against a borrower's primary residence.

An unsecured loan is not secured against the borrower's property.

It can be next to impossible to acquire a traditional loan from a bank or credit union if there is no basis for qualification or protection against borrower default.

In some cases, the lender may even pursue legal action against the borrower.

Luckily for Missouri residents who have less than impressive credit history, lenders of title loans do not discriminate against borrowers with poor credit scores.

A deficiency judgment is a judgment obtained by the lender in court against the borrower for the difference between the unpaid balance of the secured debt and the amount produced by sale or the fair market value of the security, whichever is greater, in a judicial foreclosure.

The brokers may also file a lawsuit against the borrower in the event of non-payment of additional margin money, demanding immediate repayment.

The lender obtained a county court judgment against its borrower for around # 38,500.

whether the undertakings and representations in their facility agreements provide suitable protections and rights against borrowers who fail to comply with their statutory obligations under the MEES Regulations.

Servicers can offer relief in presidentially declared major disaster areas by waiving assessments of penalties or late fees against borrowers with damaged homes, according to Freddie Mac.

Freddie also would consider lifting foreclosure and eviction proceedings there for up to one year as well as possibly waiving assessments of penalties or late fees against borrowers in damaged homes.

When a borrower is in default the loan becomes due in full immediately and the lender may pursue more aggressive collection techniques, such as sending the account to a collection agency or filing suit against the borrower.

Just like the FHA, the Veterans Administration protected lenders against borrower default and insured mortgage loans made by private lenders to veterans.

Obtained jury verdict of $ 3.1 million for bank against its borrower's insurer which had denied coverage for arson fire

Fannie also will seek deficiency judgments against borrowers if allowed by state law.

Waiving assessments of penalties or late fees against borrowers with disaster - damaged homes; and

As shown above, Plaza Building Holdings LLC is the special purpose entity which secures a 100 % interest against the borrower, Plaza Building LLC.

The entire system is rigged against the borrower and those who earn «too much», as I did, will not even be able to deduct any of that big student loan interest bill on their taxes.

It's also the promissory note that a lender enforces, sometimes in court, in order to collect against a borrower defaulting on a HELOC's required payments.

If a property is sold as the result of a mortgage default, but the sale does not generate enough money to pay the outstanding balance and all associated costs, fees and interest, the insurer will pay the shortfall to the bank and will then have the right to enforce against each borrower personally for the deficiency.

When repeated court judgments are placed against the borrower for wage garnishment, the employer could potentially fire the employee because of concern that the lack of credit could translate into an issue of character.

(Pre-claim assistance means the HEAL program will send three letters increasing in urgency encouraging the borrower to contact the lender or servicer and explaining that if they don't, the lender or servicer can initiate litigation against the borrower.)

The trial court nevertheless entered judgment in favor of the servicer and against the borrower because she could not prove actual damages, as required by 12 U.S.C. s2605 (f)(1)(A).

In addition, Fannie and Freddie have bought insurance against borrower defaults when the homebuyer lacks a 20 % deposit.

We act in accordance to federal laws that prohibit discrimination against a borrower's source of income.

Regularly acts for lenders and receivers bringing and defending proceedings against borrowers in relation to residential and commercial mortgages.