Subordinated Loan Agreement Traduction

The subordinated loan agreement identifies at least three distinct parties, including the first mortgage lender, the second mortgage lender and the owner of the property. The agreement will also identify security, which is the property that secures mortgages. The first lender subordinates its mortgage to the mortgage of the second lender. How can I pick up my translations in the vocabulary coach? A subordinated loan agreement typically allows property owners to finance improvements to their property at times when general priority rules would not allow the owner to do so. Many mortgage lenders will not offer a mortgage unless they have a first right of pledge on the collateral. The subordinated loan agreement allows a new lender to take a first right of pledge, while the lender was not the first in time. Sometimes a subordinated loan agreement does not involve two mortgage lenders. For example, a mortgage may agree to subordinate its loan to a lease on guarantees. In this way, if the lender ever mortgages the guarantees, the lease will survive the enforcement. Do you want to add words, phrases or translations? It may seem atypical for a first lender to accept a subordinated loan agreement, as it puts the first lender in a second position of instruction. However, if the collateral is in trouble and the repayment of the first mortgage is not good anyway, the first lender may be excited about the possibility of a second lender providing additional capital to improve the property, so that both lenders can ultimately be repaid. Real estate rights and interests usually boil down to timing and priority.

The subordinated loan agreement allows interest rate holders to change the general priority rules by allowing a second-stage lender to take precedence over a prime-in-time lender. In essence, the subordinated loan agreement reverses the general rules of mortgage priority for a given piece of land. There is nothing that legally obliges a first-time lender to accept a subordinated loan agreement. The elaboration of such an agreement is only a matter of negotiation and negotiation. The PONS online dictionary is free: it is also available for iOS and Android! Warning: The words in the vocabulary list are only available from this Internet browser. From the moment this list is copied into your vocabulary trainer, it will be available from everything. In real estate law, it is a question of clarifying property rights. The general rule is that the first person who claims an interest or right in land has the first interest or right to that property. For example, the first lender to take pledges on real estate has a higher right of pledge than a second mortgage lender, who also assumes a subsequent right of pledge on the same property. . . .

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