Loan To Facilitate
Definition of "Loan to facilitate"
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a $140,000 loan enable him to purchase a home the bank has acquired through foreclosure on an outstanding mortgage.
Popular Real Estate Terms
Room containing a toilet and wash basin, but does not include a shower or bath tub. ...
Legal action by an owner of property to oust or exclude an individual or business form using the property. ...
Metropolitan locality such as a city. It is heavily populated with many residents and businesses. An example is New York City. ...
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Evaluating a locality to determine its value and appropriateness for designated objectives. ...
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