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
Violating a law, commitment, duty, or obligation through commission or omission. The responsibilities of an agreement or guarantee are not met. ...
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A way to sell and finance property by which the seller keeps title but the buyer takes possession while installment payments are being made. The gain is taxed while the mortgage ...
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