Sentences with phrase «sold by the lender»

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

If you have trouble paying back the loan then your asset may be sold by the lender.

Instead, it essentially insures groups of loans that are made and sold by lenders.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

Your collateral can be equipment, inventory or real estate that can be taken or sold by the lender in the case that your business fails or does not generate enough income to keep up with your payments.

The foreclosed property is then seized and sold by the lender to recover the loss.

Point out that if the house was sold by your lender they would be likely to get a much lower price as the property would be empty and could fall into disrepair.

When the property is sold by the lender, the mortgages must be paid out in the order in which they are placed on the property.

When a property is being sold by the lender, they are often only concerned with receiving a sale price high enough to cover the outstanding mortgage balance.

The mortgage life insurance sold by lenders is similar to other forms of life insurance, and the beneficiaries of such policies are usually the lenders selling them.

While individual sellers may use that practice infrequently, it seems more common in situations requiring a quick sale, such as relocations and properties sold by lenders.

Foreclosure A legal procedure in which the mortgage loan is in default and the property taken from the borrower and sold by the lender to pay off the loan against the property.

The pre-foreclosure period is the time between a previous owner's notification of default and the point when the property can be sold by the lender.

Not exact matches

«Funded in large part by the asset - backed securities market, many lenders made money by originating and then selling private student loans with less regard for borrowers» creditworthiness.

The lenders want the stake to be sold for top dollar but fear it will be sold for less than that to McClendon's wife, Kathleen, because she is family, said a lawyer representing a syndicate of banks led by Wilmington Trust that loaned $ 465 million to a company McClendon founded in 2013, American Energy Partners LP (AEP).

The online lender, founded by Renaud Laplanche in 2006, has decided to package its loans and sell them to investors as bonds, The Wall Street Journal reports.

Beyond just an extension of credit, some lenders will help retailers sell even more by offering their customers enticing incentives.

Scores Equifax sold to consumers were based on Equifax's proprietary model, the Equifax Credit Score, which is an «educational» credit score that also is typically not used by lenders to make credit decisions.

Invoice factoring lets you turn unpaid customer invoices into immediate cash by either selling your invoices outright to an invoice factoring lender that collects on them from your customers directly, or using them as collateral with an invoice financing lender that requires you to collect on your invoices to pay off your loan.

Lenders in the West African nation from HFC Bank Ltd. to the local unit of Access Bank Plc are planning to sell shares after the central bank raised the minimum capital requirements to 400 million cedis from 120 million cedis, a condition that has to be met by December.

By fostering partnerships across the industry and on our Ellie Mae Network, we're ensuring lenders can easily conduct business with the providers needed to originate and sell loans.

Unlike traditional lenders that offer you a loan secured by the value of your accounts receivables, receivables factoring lets you sell your outstanding accounts receivables for an immediate influx of cash without the burden of repayment from you, rather from your debtors

By the time the home is eventually sold in foreclosure, then, it's likely that the lender has incurred a real loss in terms of missed payments; plus, other losses related to the home's condition.

NMIC's residential mortgage insurance products primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the GSEs and on low down payment loans held by portfolio lenders.

Down in Florida, they find insanely overstretched buyers being fed lavish mortgages by lenders who haven't a clue what they're selling.

Delphi Holdings LLP, now privately owned by its former lenders, was forced to sell many of its assets to settle debts.

This is a repossessed vehicle sold «As Is» by the lender

A borrower enjoys less restrictive terms on a bad credit personal loan in forms of lesser interest charges and longer terms while a lender has a guarantee to recover the loan proceeds in case of default by confiscating and selling pledged assets.

First time buyers are frequently low on cash, and with recent drops in home values, current homeowners may find that they can not sell their present homes for enough to put down the 10 - to - 20 % typically required by conventional mortgage lenders.

But this score — sold to lenders by TransUnion — is not the same one U.S. Bank uses for credit decisions.

Of course, should you default on the loan, the property can be seized by the lender and sold to cover the cost of the loan.

The life insurance sold by banks to cover mortgage debt shrinks with the debt, and disappears if you change lenders.

To measure risk posed by the property presented as security, lenders will divide the total value of debts by the selling price to get a metric best known as LTV or loan to value.

The nature of a mortgage signed by private lenders allows them to sell a property if mortgage fees are not cleared but there is a catch; Mortgage lenders who came before must recoup their investment in order for lenders to recoup their money.

By setting up the loans as registered mortgages a lender is legally able to sell the subject property if mortgage fees are not paid.

Predatory lending is in a legal sense the offering of certain secured loans such as home loans or car loans by lenders with the sole intention of seizing the property in order to sell it for a profit knowing that the borrower will not be able to afford the monthly payments on the loan.

Add to the foreclosure expense the cost of maintaining and selling homes that are not bought at foreclosure sales or auctions, and mortgage lenders are losing money that could be saved by writing down mortgage loans to affordable levels and preventing foreclosure.

This Fico requirement has since risen to 620 by the top three Banks and as high as 660 from most 2nd Tier lenders who sell to these Banks.

Most mortgage loans are sold to investors after they've been originated by mortgage lenders; day - to - day loan administration and customer care responsibilities are often handled by mortgage servicing companies hired by the investors.

Failure to disclose that loans offered by the lenders on the preferred lender list may be sold and that the advertised loan discounts might not be honored by the lender that purchases the loans.

By making consistent prepayments, you will owe less to the lender, and therefore have a bigger credit at closing when you repay the mortgage or sell the home.

Life - of - loan servicing is not a guarantee that the loan will not be sold from one lender to another, but rather that the same servicer will be used by the lender that acquires the loans.

The proposal was accepted by our mortgage lender and a few months later the house finally sold.

Bloomberg Businessweek has reported that more than 2,100 lawsuits in Connecticut, Indiana, Arizona, and Oklahoma are connected to National Collegiate Student Loan Trust, which sold bonds backed by thousands of student loans purchased from private lenders from 1996 through 2007.

These can be obtained by lenders (at a price — selling consumer information is a major source of income for credit bureaus) and used to decide whether or not to issue a loan, and at what rate of interest.

When evaluating the risk a lender has to measure a property's loan to value ratio by dividing existing mortgage value by the selling price.

When property is sold off to recoup, the first lender is paid first, followed by the next and other lenders.

A Power of sale can result in your house being sold within a very short period of time; therefore we recommend that you act quickly to save your house and stop any further legal costs by the lender.

In order to safely sell their loans, lenders may require borrowers to meet not just VA requirements but those set by investors, and these requirements can include things like minimum credit score, allowable debt - to - income ratio and more.

Many jumbo ARMs are not sold to investors, but are instead held by lenders on their own books.