When people with million -
dollar properties default on home loans, they often continue to have access to other financial resources and investments.
Not exact matches
Moinian has allegedly
defaulted on hundreds of millions of
dollars in loans on nationwide
properties, racked up safety violations, failed to pay millions of
dollars in fees and bills to vendors and contractors, paid low wages, and provided improper maintenance and repair to buildings, the report card said.
In addition to annually overseeing multi-billion
dollars of mortgage insurance and underwriting for both homeownership and multi-residential real estate, TJ's other responsibilities included the management and oversight of Real Estate
Default Management and
properties in distress.
In a consumer credit transaction contract where the original amount financed exceeds ten thousand
dollars ($ 10,000) or the credit transaction is secured by real
property, the creditor may require the payment by the debtor of attorney's fees prior to
default by the debtor in connection with the closing of, amendment to, or modification of the credit transaction, provided that the attorney is not a salaried employee of the creditor.
Also, look into increasing the limits on your personal
property protection because you home policy only allows for a few thousand
dollars in coverage by
default, an amount that is rarely up to covering the effects of an entire family.
For just a few hundred
dollars a year, you can ensure that you are protected from
property damages, maintenance issues, contract disputes, and even rental
defaults from tenants....
We have negotiated hundreds of millions of
dollars in
default property and underwater mortgages.
In addition to annually overseeing multi-billion
dollars of mortgage insurance and underwriting for both homeownership and multi-residential real estate, TJ's other responsibilities included the management and oversight of Real Estate
Default Management and
properties in distress.