Sentences with phrase «property collateral»
"Property collateral" refers to using a valuable asset, such as a house or land, as security or guarantee for a loan. If a person fails to repay the loan, the lender can take possession of the property to recover their money. Full definition
Furthermore, we provide business or property protection insurance methods such as property collateral assignment.
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Secured debt has real property collateral attached to it and if you can not make payments the creditor can simply repossess or foreclose to cover the debt.
Utilized Adobe Creative Suites to create property collateral, promotional materials for special events, advertisements, leasing kits, property signage, and other projects.
«The Christie's name is synonymous with luxury and exclusivity, and by maximizing our relationship with Christie's and promoting our companies» connections in all that we do — from our award - winning website to our high - end property collateral — we help ensure Long & Foster remains the firm of choice for luxury homebuyers and sellers in the Mid-Atlantic.»
Daniel primarily represents lenders and borrowers in local, national and international commercial lending transactions secured by all types of real property and personal property collateral.
«For commercial real estate transactions with a value at or below the proposed threshold, the amended rule would require institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the institution does not obtain an appraisal by a state certified or licensed appraiser.»
But unlike a home mortgage — with a dollar amount assigned to the property — it can be more complicated to figure out what land is worth because there is no property collateral.
In troubled loan situations, Mr. Davis has experience foreclosing on real estate or personal property collateral, prosecuting lender liability and deficiency litigation, and negotiating and documenting loan workout, forbearance, and loan sale and assignment agreements.