Sentences with phrase «lenders by covering the losses»
Its going to insure its own appraisals for real estate investors and lenders by covering the losses of lenders and investors when «a valuation inaccuracy is discovered» in the case of loan default, foreclosure or buyback.
http://aboutfloridalaw.com/ Not exact matches
Private mortgage insurance (MI) enables these borrowers to qualify for a conventional loan by insuring the lender against potential losses in the event a borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.
Drivers who have vehicles that are not yet paid off are typically required by their lenders to maintain collision and / or comprehensive coverage, to ensure that any damage, loss, or theft that occurs is covered.
Drivers who have vehicles that are not yet paid off are typically required by their lenders to maintain collision and / or comprehensive coverage, to ensure that any damage, loss, or theft that occurs is covered.
The second scenario allows the lender to cover the financial loss incurred by their mortgage investment in the event that interest rates decrease.
In cases where the sale of the home is not enough to pay back the reverse mortgage, the insurance protects the borrower or estate from owing more than the sale price by covering losses incurred by the lender.