Home point financial mortgagee clause

    • [DOC File]Wisconsin Mortgage - Freddie Mac Home

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      See, In re UPL Advisory Opinion 2003-2, 277 Ga. 472, 588 S.E. 2d 741 (Nov. 10, 2003), O.C.G.A. §15-19-50 and Formal Advisory Opinions Nos. 86-5 and 00-3. Thus, to the extent that a non-lawyer entity is conducting residential real estate closings not under the supervision of a lawyer, the non-lawyer entity is engaged in the practice of law.

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    • [DOC File]PART I: MORTGAGE LENDERS AND MORTGAGE LOANS

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      7. In a purchase money mortgage, identify the Mortgagor and the Mortgagee. 8. Understand the difference between the Alienation clause and the Acceleration clause in a Mortgage agreement. 9. Understand why a Subordination Clause might be important for a developer who is purchasing land with a Land Sales Contract? 10.

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    • What is a Mortgagee Clause? | The Truth About Insurance.com

      At the expiration of the PFS period, the mortgagee must re-evaluate available loss mitigation options. If the mortgagor’s financial condition has improved to the point that reinstatement is a viable option, the mortgagee may undertake one of the home retention loss mitigation tools.

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    • 7a Authorization

      The indebtedness hereby secured will become immediately due and payable, at the option of the Mortgagee, if in the reasonably opinion of the Mortgagee there shall have occurred a material adverse change in the financial condition of the Mortgaged Premises, the Mortgagor, or any guarantor of the indebtedness hereby secured, from the financial ...

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    • [DOC File]Administration of Insured Home Mortgages

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      The policy must contain a Mortgagee clause providing that the interest of Lender will not be invalidated by any: (1) act, omission, or negligence of the mortgagor, owner, master, agent or crew of the insured vessel; (2) failure to comply with any warranty or condition out of mortgagee’s control; or (3) change in title, ownership or management ...

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    • [DOC File]RESIDENTIAL REAL ESTATE - Real Property Law Section

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      Demand Loans – loans that can be recalled at any point due to rising rates (generally business loans) Due on Sale clause – loan can be called if the borrower moves/sells. Variable rate mortgages. If interest rates (, mortgage rate (; if rates (, mortgage rates (Lower interest rate b/c reduced risk to the bank (generally ~200 basis points)

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    • [DOC File]CHAPTER 14 & 15: FINANCE

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      If I obtain any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy will include a Standard Mortgage Clause and will name Lender as mortgagee and/or as an additional loss payee. If there is a loss or damage to the Property, I will promptly notify the insurance company and Lender.

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    • [DOC File]Outline - Home | NYU School of Law

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      Sample PMI Cancellation Letter When your loan has reached 75%-80-% loan to value because of appreciation or paydown, with no late pays, then there is a chance you may be able to remove your PMI. The place to start is with a call or letter to your loan servicer (not the …

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    • [DOC File]New York Mortgage - Freddie Mac Home

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      If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender.

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