Loan To Facilitate

Definition of "Loan to facilitate"

Shearley Cherry real estate agent
Shearley Cherry, Real Estate Agent Exit Community Realty

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.


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