Sentences with phrase «note gives lenders»

In such cases, the note gives lenders the right to sue a seller and attach other assets if the note is not paid when due.

Not exact matches

A loan agreement and promissory note that's signed, notarized, dated and witnessed will give the lender something to rely on if the money is not repaid.

Cash flow note — This gives the mezzanine lender an assignment of all cash flow from the property in exchange for the mezzanine loan proceeds as well as a percentage of the proceeds from sale of the property.

The Mortgage or Deed of Trust: This is the «security instrument» which gives the lender a claim against your house if you fail to live up to the terms of the mortgage note.

It must however be noted that not all lenders give same value to a particular credit score.

This is a non-profit making organization that has vetted its members for best business practices across the United States and Canada; please note that whenever you choose an accredited lender, it gives you peace of mind.

This is bogus but all I have is notes (and an affidavit I'll put together) stating I called the lender and was given a forebearance (b / c I was in the process of consolidating all my student loans under a governemt program).

It's inportnant to note that real estate agents are not trained to give mortgage information or advise - they are not licensed lenders.

the Deed of Trust (which secures the note and gives the lender a claim against the home if you fail to live up to make your payments)

As a final comment, notwithstanding the error noted by the Court of Appeal («In the normal course, someone on the acquisition team would have been assigned responsibility for determining whether financial instruments that gave a lender the right to veto a change - of - control existed and, if there were, communicating with the lender to ascertain its position»)(see para. 22, FN 18), the Court acknowledged counsel's «excellent» oral and written submissions on appeal — even stating that the interests of the parties «could not have been better served».

«Each property we purchase is secured by a note and deed of trust, which gives the lenders the right to foreclose if I don't fulfill my end of the relationship.

The study's authors note that lenders may consider having an energy audit or rating as part of the mortgage underwriting process, given the study's findings.

Although a stretch senior deal gives the lender a senior position to sell later in securitization, lenders are actively holding on to the notes instead.

«Collateral Underwriter is not a decision engine,» Murphy says, noting that it simply helps their lender partners determine how much attention they need to give to the underwriting process.

At closing, Qualified Intermediary pays off Investor and / or lender in satisfaction of note (s) given by Exchange Accommodation Titleholder to Investor and / or lender.

Exchange Accommodation Titleholder acquires title to like - kind replacement property directly from seller and gives Investor and / or other lender a note (s) that is secured by a deed of trust or mortgage on the replacement property.

Exchange Accommodation Titleholder closes on relinquished property sale and uses sales proceeds from relinquished property to satisfy a note (s) given to Investor and / or other lender.

And just a heads up: In the top box on the Private Lender Funding Request Page that gives the property information, the «property street address» (you need to capitalize the «a» in address), the «property city, state, zip», and the «notes» area are all center aligned, while the «beds, baths, sq ft, built» line is left aligned.

Signing Requirements of Lenders at Origination: There are two documents of concern to a mortgage lender: the note, which defines the borrower's payment obligations; and either a mortgage or deed of trust, depending on state law, which gives the lender the right to acquire the property through a foreclosure process if the borrower defaults on the payment obligation.

Closing Disclosure statement - details all funds changing hands between the buyer and seller Truth in Lending statement - a final summary of the terms of your loan Mortgage note - a legal obligation to repay the lender according to stated terms Deed of trust - the legal transfer of ownership; gives the lender a claim against your home if you fail to meet the terms of the mortgage note Affidavits - any binding statements by the buyer or seller Riders - any contract amendments that impact your rights Any additional documents required in your state