Sentences with phrase «borrower sells the asset»

Under this clause, the lender may demand immediate repayment if the borrower sells the asset purchased using the loan.

Not exact matches

«Funded in large part by the asset - backed securities market, many lenders made money by originating and then selling private student loans with less regard for borrowers» creditworthiness.

Lenders may also place liens on the borrower's assets, meaning that the borrower can not sell the assets without paying the lender first.

The UCC - 1 protects the interests of the lender in the case of borrower default or bankruptcy, in which said asset (s) would be foreclosed on, seized or sold off.

A borrower enjoys less restrictive terms on a bad credit personal loan in forms of lesser interest charges and longer terms while a lender has a guarantee to recover the loan proceeds in case of default by confiscating and selling pledged assets.

This is due to the fact that all of the borrower's assets work as a guarantee of any debt as the lender can always take legal action to claim his money and if the borrower fails to repay the loan, the judge may rule the sell of any asset to repay the debt.

Once a borrower declares bankruptcy, assets are seized, sold and money doled out.

Should prices start to fall and a borrower defaults, the MIC may not recoup all of its money when it seizes and sells the asset.

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other assets; 2.

Borrowers who own property which has a lien against it may be forced to sell the property or asset to repay the monies owed to the lender.

The UCC - 1 protects the interests of the lender in the case of borrower default or bankruptcy, in which said asset (s) would be foreclosed on, seized or sold off.

Creditors can offer secured loans which are secured by assets or «Collateral» which can be sold if the debtor or borrower fails to make payments, allowing the creditor to regain the money lent to the borrower.

The breached or defaulted lender can pursue litigation and have a court hold the borrower liable for legal costs, liquidated damages and even have assets and property attached or sold for repayment of the debt.

Borrowers will never receive loan proceeds equal to 100 % of the collateral's value, because even the most liquid assets can only be seized and sold through a court process that involves delay and expense.

If payments aren't made, the lender has the option of seizing the car, or other asset, and selling it to offset what the borrower owes on the personal loan.

The secured nature of the loan means if the borrower defaults on a loan then the lender has a means to recoup part or all of the outstanding balance by seizing and then selling the asset.

A lien is a lender's claim against a collateral asset that may be legally sold should the borrower fail to repay a loan.

The special servicer ultimately enforced the security over the borrowers and proceeded to sell the underlying property assets over a period of time crystallising a significant capital losses for the issuer and noteholders.

The frankly delicious facts of RBS v Highland Financial Securities [2013] EWCA Civ 328, [2013] All ER (D) 65 (Apr)-- in which the taxpayer - owned bank not only constructed a sham auction process to convert the borrower's assets to its own balance sheet, but then lied about those actions at trial — demonstrate where such unscrupulous behaviour may lead, and may give some courage to clients seeking a remedy in the absence of a strong mis - selling claim.

Collateralization of cryptocurrency assets allows borrowers to hold onto their cryptocurrency assets instead of selling them, especially when borrowers need to make large purchases.

Collateralization of cryptocurrency assets benefits retail borrowers by allowing them to hold onto their crypto assets rather than selling them in order to make large purchases, like buying a car.

Of course, no one is privy to a crystal ball view into the future, but borrowers too often find an opportunity to sell an asset at a favorable price is hindered by a poorly negotiated, or non-negotiated, prepayment penalty.

The amount they sell for is based on the principal balance, the number of payments that have been made (referred to as «seasoning»), the number of remaining payments, the home's (or other asset) appraised value and the borrower's creditworthiness.»

In the portion of the bond market that borrowers often use to fund large real estate transactions, sales of securities tied to such assets as hotel portfolios and individual office towers have tripled this year, with $ 16.7 billion sold, according to Morgan Stanley.

Most mortgages structured to be sold as CMBS so far have been single - borrower loans with only a few large assets.

• Continue to sell expanded pools of defaulted mortgages headed for foreclosure through the Distressed Asset Stabilization Program (DASP), offering investors and borrowers the opportunity to avoid costly foreclosures — and even giving homeowners an additional chance at staying in their homes — while reducing costs to the Fund.