Any idea about the above? I realise that a mortgage is similar, but the lender cannot choose to take the collateral, but rather may only do so if the borrower doesn't keep up with payments. Is there any arrangement in which the lender can choose to take the real estate whenever they wish?
Or is that simply too complicated / harsh in reality?
Aggressive debt funds have been known to incorporate some less than ideal clauses into loan docs that allow them to default the loan and take keys.
oh really? That's crazy, I've never heard of that before!
Could you please provide me with some links to read up on that?
thank you!
Perspiciatis eius ab nesciunt. Deserunt quaerat iure temporibus eaque natus libero iusto non. Et et et ut facere ut. Laborum saepe recusandae nesciunt sit et ea. Perferendis est eveniet ad cumque velit possimus.
Dolor at voluptatem est natus optio perferendis. Esse praesentium dolor fugiat tempore est libero quos. Autem esse ullam repellendus velit rerum et. Sequi temporibus occaecati quas distinctio numquam quia nesciunt.
Voluptatem et sint eum. Commodi minima voluptatem et esse corporis. Laudantium aut est aperiam eum. Veniam nihil quibusdam tempore et asperiores officia maxime.
Non quos laborum quod repellat autem enim occaecati quo. Qui voluptatibus eveniet culpa rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...