Sentence examples for mortgage notes from inspiring English sources
In 2006, Mr. Arnold stated that original mortgage notes were held in a secure "custodial facility" with "stainless steel vaults".
Q Speaking of distressed opportunities, your company has been involved in deals to buy nonperforming mortgage notes.
Federal bankruptcy courts and state courts have found that MERS and its member banks often confused and misrepresented who owned mortgage notes.
And, on Long Island, a federal bankruptcy judge ruled in February that MERS could no longer act as an "agent" for the owners of mortgage notes.
Now it is over 5 per cent, and this in a market where the Federal Reserve is supporting it by acting as a buyer of mortgage notes.
Banks, they say, should disgorge more documents, testify more precisely and prove more completely that they own millions of mortgage notes.
When a loan goes into a securitization, the mortgage note is not sent to the trust.
Indeed, there have been instances in the foreclosure crisis when two different institutions laid claim to the same mortgage note.
Some banks may allow two people to appear on the property's deed with only one on the mortgage note.
"A collateral question is, has that mortgage note really been transferred and assigned to the securitization trust?
In 2010, DDG bought the mortgage note from CapitalSource for a discount, though Mr. McMillan would not disclose the exact amount or the condo's development cost.
