mortgage holder


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See: obligee
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The allocation of credit risk across mortgage holders, insurers, and purchasers depends on underlying assumptions about risk-mitigation activities, business relationships, loan-to-value ratio distributions, default rates, and loss severity rates.
Good intentions are fine, but if city officials believe a $5,000 bond should be posted as part of a foreclosure filing, they must rewrite the language of that regulation to make clear that mortgage holders must be responsible for those bonds, and cannot pass them along to customers.
He is also head of the Irish Mortgage Holders Organisation which advises those struggling to pay for their homes.
The bad news is your new mortgage holder will likely be much more aggressive in asserting the rights of your lender, which may lead to a flurry of legal activity.
They want you to believe that concerns about adequacy of cash-flow to service all debt, or worries about the ability of the bankruptcy of a junior mortgagee to prevent a senior mortgage holder from foreclosing on collateral, are totally irrelevant.
Lighthouse will be required to obtain the approval of the mortgage holder or otherwise discharge the primary mortgages on the vessels to consummate the sale of the assets.
General Electric Credit Corp, the second mortgage holder on formerly bankrupt 100 E.
As a result of the move, the company has returned 170 acres of land to the first mortgage holder.
Thus, this grim situation looks hopeless, with the mortgage holder seriously considering foreclosing on the property to stem its losses while the cooperative development contemplates filing a bankruptcy petition in an attempt to preserve the cooperative status of the property.
There, the mortgage holder gets control of both the former owner's shares of ownership in the building and the lease, and immediately becomes responsible for the unit's share of maintenance expenditures including past due balances and legal costs related to the foreclosure.

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