Although it's difficult to
argue against the lender's need to make its business cash flow positive, the repercussions of the subordination clause is still very one - sided and unfair for the tenant.
Not exact matches
Others
argue it's important for
lenders to know if consumers have had a lien on their taxes or a civil judgment
against them, because their risk of defaulting on a new loan is much higher.
When the Buyer was unable to secure financing to complete the purchase and thus terminating the contract between the parties, the Sellers brought a lawsuit
against the Buyer, the Buyer's representative, and the representative's brokerage,
arguing that the Buyer had not acted in good faith in her efforts to secure financing and the Buyer's representative had not forwarded the Amendment to the
Lender.
The demands on GADS to research,
argue, and defend not only the Realtor ® position but also sometimes those of
lenders, homebuilders, homeowners, and others
against misguided regulation and legislation can be exhausting.
The sellers claimed fraud, negligent misrepresentation, and breach of fiduciary duty
against the buyer and the buyer's representative,
arguing that the buyer did not make a good faith effort to secure financing, and that the buyer's representative failed to notify the
lender that the sellers had agreed to lower the purchase price.