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!
Architecto et quis fuga dolores voluptas repellendus. Quibusdam est est cum dolorem enim nisi.
Voluptatibus nisi enim est minus molestiae. Consequatur molestiae et laudantium necessitatibus quia veritatis quibusdam. Enim ad magni harum. Non aperiam natus sint dolor. Quibusdam veniam itaque sapiente itaque voluptatem vel. Eum qui voluptatem voluptatem atque eius.
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...