Sentences with phrase «recover money lent»

«Petition for foreclosure», this is the lender giving notice to you and asking the court to help them recover the money they lent out to you.

According to the mortgage act, in the event that a property is sold to recover money lent, the first lenders must be compensated before a second mortgage lender can recoup their money.

However, bear in mind that as with any other loan, the lender can still take legal action against you in order to recover the money he lent.

Not exact matches

However, if a lender lends more money on a car loan than the car is actually worth, then it can not recover all its losses on the loan by repossessing the car.

Should the borrower, at any point, default or refuse to repay the balance of the loan, the bank can use the title to the car to sell it in order to recover the money that was lent.

On the facts of these appeals, it seems reasonable to infer that recognizing interest as an expense would lead to a transfer of resources between classes of parties in which unsuccessful defendants are exposed to the risks of paying high interest rates designed to pay for the cost of lending money, not just to the successful party in the case but other plaintiffs who receive financing but may not recover moneys to pay for their loans...

That is, it requires a person to «lay out money on behalf of another in suits at law to recover a just right, and this may be done in respect of the poverty of the party; but if he lends money to promote and stir up suits, then he is a barrator».

As the economy has recovered from the downturn of 2008 and banks once again have money to lend, they remain bound by regulations and restrictions that keep them from making loans that carry even the slightest of risks.