Sentences with phrase «of sale a lender»

The reason for such high interest on the loan is that even with the power of sale a lender might not get paid because creditors who came before must first claim their investment.

Not exact matches

The borrower repays the advance and loan fee by allowing the lender to take a fixed percentage of business credit card sales each day until the entire amount is repaid.

You establish a repayment pool, pledging 5 percent of your annual sales to repay your lenders.

With the sale of Seamark to management and Marquest Asset Management's purchase of the mutual fund business over the summer, Matrix consolidated those loans into a single $ 5 - million note from an unnamed Canadian lender.

Of all the options on the table, Alexander says changes to capital requirements would undoubtedly have the biggest impact on lenders, which may explain why few are publicly touting it as a way to dampen home sales.

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

By enlisting a host of tactics to delay the foreclosure process, like filing bankruptcy, pushing back short sale dates and hitting lenders with requests for more documentation, consumers are able to further delay the inevitable.

Since the lenders take a percentage of a day's sales, the business owner pays less when sales are slow and more when business is brisk.

Because of the «power of sale» clause in the deed of trust, the lender can hire a third party to auction the house and skip the expense of going to court.

Pursuant to a marketing and servicing alliance with a third party consumer lender (the Credit Provider), the Credit Provider offers credit cards and non-card payment plans bearing our brands and we receive income from the Credit Provider (Program Income) consisting of 1) ongoing payments based on net credit card sales and 2) compensation for marketing

A lender will give you upfront a lump sum of money for a specified percentage of your future credit card sales.

Understanding your businesses» monthly deposit activity gives lenders a better sense of cash flow and sales patterns.

Lenders are taking an increasingly dim view of retail properties — especially malls — as the growth of e-commerce eats into sales at brick - and - mortar stores.

If your deed of trust (mortgage document) includes a power of sale clause, your lender can foreclose using the non-judicial process.

It's one of the first places lenders look to learn the details of your business — the industry you do business in, projected revenues, estimated annual sales, and how you interact with your creditors is some of the information included in your profile.

April 10 Bank of America Corp plans to stop lending to companies that make military - style firearms for civilians, Bloomberg reported on Tuesday, making it the second major U.S. lender to address gun sales after the Florida high school shooting that left 17 dead in February.

Instead the lender can initiate a «power of sale» foreclosure by hiring a third party to auction the home it wants to foreclose.

Energy Group, a Nigerian investment conglomerate that currently owns the lender, is ready to be diluted to a 30 percent stake as a result of the share sale, Yeboah said.

Increase your sales & close more projects with a digital financing solution from LendKey's network of community lenders.

Title searches need to be conducted, surveys need to be vetted, tax records need to be verified, and financing documents need to be passed around to a ragtag array of lawyers, realtors, government authorities, lenders, and the parties to the sale.

The lender can initiate a «power of sale» foreclosure by hiring a third party to auction the home it wants to foreclose.

«Instead of having a fire sale and dumping [the unsold inventory] and causing chaos, what you're having is lenders, owners [and] private equity investors saying, «We believe in the collateral, we believe in the product, and we don't think they should slash the prices.

The borrower needs to provide a sound plan detailing its tactics to drive business and sales and ensure the lender / investor's re-payment of the loan.

Of 620,751 in lenders» possession, only about 15 % are listed for sale, RealtyTrac says.

On Monday, Moody's Investors service said it expected U.S. new vehicle sales to dip in 2017 and warned of a «significant credit risk» for auto lenders as competition for loans intensifies.

Many lenders want this ratio to be less or equal to 36 percent of the borrower's income, says Sam Mischner, senior vice president, sales and client management for Lending Tree in Charlotte, N.C.

The Frankfurt - based lender said in a statement Monday that its ability to pay is being bolstered by the sale of a stake in Huaxia Bank Co..

The percentage of the lesser of the sales price / appraised property value that is borrowed from a bank or lender.

Another risk the lender takes is that of an early refinance or sale, paying off the mortgage before the lender can profit from it.

As one of only a few Ex-Im Bank «Fast Track» lenders, PNC offers a streamlined origination process, expedited approval times and efficient support for your important export sales opportunities.

They compare the property to nearby recent sales of similar houses — square footage, condition, site (nicer views are worth more), quality of construction, and both desirable and undesirable features that affect the property marketability if the lender has to foreclose and sell.

Instead a lender hires a third party to auction the house it wants foreclose and initiates a «power of sale.»

Lenders may cut standards more to grab market share as the pace of auto sales slow and the number of subprime borrowers stops expanding, the rating firm said.

Homebuyers in the state will likely get a deed of trust which allows lenders to bypass a judicial foreclosure and instead initiate a «power of sale» foreclosure by simply hiring a third party to auction the home.

Wary of a slowdown in high - end apartment sales and a potential supply glut, lenders are beginning to retreat from Manhattan's luxury condominium market.

Although median listing and sales prices showed great diversity — especially in New York City — the rate available for a mortgage stayed the same regardless of location, with most lenders making few if any adjustments by county or zip code.

With a short sale, investors will often have more scope to influence the decisions of investors, particularly if they can supply information like comparable sales, cost of repairs, and other negative items that might affect a lender's ability to see the value in an investment.

Instead the lender can initiate a «power of sale» foreclosure by hiring a third party to auction the home.

Instead lenders can hire a third party to auction the home they are foreclosing and initiate a «power of sale» foreclosure.

Brian Starke is a veteran engineer who was most recently principal engineer at Bread Finance, a point - of - sale lender for merchants, and was responsible for building the loan origination platform.

Andrew Charles has extensive experience in all aspects of commercial real estate law, including partnerships and joint ventures, financing for borrowers and lenders, acquisitions and sales, and development and leasing.

«Shop around and compare rates,» said Tanner Armstrong, vice president of Sales at Global Equity Finance, a full - service mortgage lender.

But if a trust deed is offered instead, the lender can skip the court process by initiating a «power of sale» foreclosure by hiring a third party to auction the home it wants to foreclose.

Instead, the lender can involve a third party and initiate a «power of sale» on the home it wants to auction off.

Both loan types are similar, but FundBox's invoice financing entails no direct sale of invoices to the lender and advances 100 % of the invoice value.

Findus Group, one of the leading frozen food businesses in Europe with sales over Eur1.3 b, is reported to be renegotiating its covenants with its lenders in order to gain greater financial flexibility for funding expansion.

Bloomberg reports that the jump in the FDIC's sales numbers is due to its takeover of more properties from failed lenders.

He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky - high loan ceilings and no money down, and he legalized what a federal judge has branded «kickbacks» to brokers that have fueled the sale of overpriced and unsupportable loans.

The result will be a better ratio of shoppers - to - buyers for the sales staff and a dramatic improvement in the ratio of F&I «turns» to prospective lender «turndowns» for bad credit.

If they force out indirect lending or heavily limit profitability of the system and of aftermarket sales, I predict we'll see many lenders withdraw from the riskier credit segments altogether.