Sentences with phrase «claim against the borrower»

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

In addition to his real estate practice, he also has significant experience representing lenders in contractual claims against borrowers and guarantors in courts throughout Michigan, as well as representing judgment creditors in post-judgment collection actions.

Homeowner's insurance protects against the risk that the home is damaged or destroyed, while title insurance protects the lender against the risk of claims against the borrower's legal right to the property.

Not exact matches

So lenders file a statement of claim against a delinquent borrower, obtain a judgment, and then get an execution order to enforce the judgement to recover their losses.

This is a big win for student loan borrowers, who have been unfairly stopped from raising their claims against predatory schools due to the arbitration clauses that most for - profit schools slip into their student enrollment agreements.

However, if you believe you have a claim against your school under state law, such as fraud, you may still pursue debt relief based on borrower defense to repayment, as described below, even if you transfer your credits to another school.

Massachusetts Attorney General Maura Healey filed a lawsuit in August against the Pennsylvania Higher Education Assistance Agency (PHEAA)-- doing business as FedLoan Servicing — and claimed it violated state and federal laws by not discharging loans for borrowers who agreed to accept certain public sector jobs.

See, e.g., Stewart v. Associates Consumer Discount Company, 1 F. Supp.2 d 469 (E.D. Pa. 1998)(motion to dismiss for failure to state a claim denied where borrower brought class action against debt consolidation company); Lawson v. Nationwide Mortgage Corp., 628 F. Supp.

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

So really, banks don't just create claims on borrowers» future income, they create claims to real wealth in the here & now, all of which new claims compete against the existing claims of the current non-borrowing owners of said real property.

Pennsylvania State Attorney General Josh Shapiro filed the lawsuit against Navient just last month, claiming the company engaged in practices that harmed numerous student loan borrowers.

Erste Group AG v Red October (with Richard Snowden QC and Richard Morgan QC): conspiracy claims brought by an Austrian bank against Russian state entities involving allegations that a corporate borrower was stripped of its assets and forced into insolvency to avoid its liabilities under a US$ 80 million loan facility.

Borrowers may also have a negligence claim against the broker who arranged the loan, and any conveyancer who acted in connection with the mortgage.

The statute of limitations barred federal RICO and Massachusetts Consumer Protection Act (CPA) claims that two mortgage borrowers had brought against their lender and other companies that were associated with their mortgage loan, the federal district court in Boston has ruled.

While there is only so much lawyers can do to ensure the borrower is in fact the person planning to live in the house, even having the client sign a declaration to that effect could be protection against a claim later on.

urgently advising two lenders on possible claims against valuers based on repeated overvaluations of properties in borrowers» buy - to - let portfolios, where claims risked becoming time - barred

The borrower brought a class - action lawsuit against Countrywide, claiming that its captive reinsurance arrangement amounted to a disguised kickback, which would violate the Real Estate Settlement Procedures Act.

It is really a business decision for the lender to determine whether it would receive more money by accepting the Farmington Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

The second - priority claim against a property in the event that the borrower defaults on the loan.

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Paul Central Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

It is really a business decision for the lender to determine whether it would receive more money by accepting the Minnesota Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Louis Park Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Paul Daytons Bluff Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)