Sentences with phrase «obtained on the defaulted loan»

If a judgment has been obtained on the defaulted loan, it is not eligible for rehabilitation.

Not exact matches

The lender to indicted restaurateur Harendra Singh's concessions at Oyster Bay's golf course and Tobay Beach has demanded that the town pay more than $ 14.6 million after Singh defaulted on loans guaranteed by the town, according to letters obtained by Newsday.

As a co-signer on an auto loan, how can I go about obtaining the vehicle if the other person defaults?

Because a home equity line of credit is secured by your home, meaning the lender could foreclose on your home if you defaulted on your loan, you can usually obtain a lower interest rate on a HELOC than you'd get with a personal line of credit.

In order to reduce that risk, Congress required the GSEs to obtain credit enhancement on low down payment loans — most often in the form of MI — so that private capital, and not taxpayers, is first in line to pay when there is a default - related loss.

For example, a government - backed loan in default can subject the borrower to an administrative wage garnishment (that is, a garnishment without the creditor first obtaining a court judgment) of 15 % of disposable income, and this would be in addition to any state law garnishment by another creditor (under New York law, of several creditors have judgments against a debtor, only one at a time can garnish 10 % of wages, but a government student loan can be imposed on top of a state law garnishment.A borrower can also lose tax refunds if in default on a government student loan.

These days millions of people find themselves taking out student loans in order to pay for the high cost of college.However, many young adults and recent high school graduates are not able to obtain a loan on their own so they rely on a parent or... [Read more...] about Automatic Default on Student loans in order to pay for the high cost of college.However, many young adults and recent high school graduates are not able to obtain a loan on their own so they rely on a parent or... [Read more...] about Automatic Default on Student LoansLoans

The insurance policy you are required to obtain and pay for as part of your monthly mortgage payment essentially provides protection to the lender in case you default on the loan, and covers the lender for the amount between 20 % down and what you actually put down.

Borrowers can obtain money, even if they have defaulted on past loans or have outstanding debt.

Subprime personal loans are for people with a high risk of default based on their credit score, which means obtaining an unsecured personal loan may be difficult without collateral, and the loan will generally have a high interest rate.

Governments assess the risks involved in taking sovereign debts since countries that default on sovereign debts will have difficulty obtaining loans in the future.

Regardless of the type of loan you obtain, defaulting on any debt may lead to penalties, fees and potential collection efforts.

Further, when borrowers default on their loans, everyday activities like signing up for utilities, obtaining insurance, and renting an apartment can become a challenge.

As a result, by mid-2016 Chinese banks started to apply stricter rules on international money transfers and one Chinese bank want as far as obtaining a B.C. court order to freeze the assets of a businessman that they accused of «fleeing China and buying «luxury» Lower Mainland homes [using] a defaulted $ 10 million loan.»

If your credit standing is dreadful, or if you have lately defaulted on repayment schedules or sent in for bankruptcy, you'll probably realize that your options for obtaining a personal loan are pretty restricted.

The Trangs defaulted on the loan and RBC obtained a judgment against the Trangs... [more]

The Trangs defaulted on the loan and RBC obtained a judgment against the Trangs.

If a good portion of the loan was paid off prior to default, the borrower you cosigned for may be able to obtain a refinance on their own.