Sentences with phrase «if the buyer defaults on»

If the buyer defaults on the payments, the seller can repossess the property.

That's because if the buyer defaults on the first lien, you would be responsible for making up all back payments on both mortgages, plus all future payments until the primary mortgage holder forecloses.

Not exact matches

If there's not a single buyer that will take on both the assets and liabilities without the government assuming private default risk, Bear's assets should be put out for bid, Bear's bonds should go into default, and by the unfortunate reality of how equities work, Bear's shareholders shouldn't get $ 2 - they should get nothing.

If you acquire a FHA Loan to purchase a home, the FHA is not actually lending money to you, the buyer; the FHA simply guarantees the lender in case you, the borrower, default on your mortgage payments.

If there's not a single buyer that will take on both the assets and liabilities without the government assuming private default risk, Bear's assets should be put out for bid, Bear's bonds should go into default, and by the unfortunate reality of how equities work, Bear's shareholders shouldn't get $ 2 - they should get nothing.

In addition, if the buyer runs into any financial issues they are more likely to make payments on their primary residence before a second property so the chance of default is higher.

Moreover, something that gets lost in the arguments about credit quality is that the second - best predictor of mortgage default was how much skin in the game these buyers had, and even if Canada is not as risky as the US on lending to people with poor credit scores, we are awash in high loan - to - value lending (with its explicit government backing).

If both parties have previously agreed to liquidated damages, the money the seller receives for the buyer's default could be limited to the actual deposit on hand.

Gumley Haft Kleier, Inc. v. Bildirici (301 A.D. 2d 390)-- no commission was due under brokerage agreement providing that a commission «shall be payable at closing of title» but that seller would be liable for a commission if the transaction did not close if the failure to close was attributable to seller's willful default; sale did not occur as a result of the buyer stopping payment on his deposit check and refusing to proceed to closing and therefor failure to close was not the consequence of any willful default by seller.

• The seller's deposit would be credited toward the commission • Commission would be payable upon transfer of title • Commission would be payable if the title didn't transfer based on any action or default of the buyer

Still, if a conventional lender takes a pass on your would - be buyer and you decide to assume that role, it is incumbent upon you to structure the deal properly — as a protection against default and in case you decide to sell the note to an investor later.

Additionally, if interest rates continue rising based on the fear of a debt default, sales may suffer, and anxiety about the state of the economy overall may stall potential buyers from moving forward with their house hunt.