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  2. Due-on-sale clause - Wikipedia

    en.wikipedia.org/wiki/Due-on-sale_clause

    In the early 1980s, with interest rates on new loans at 18%, banks frequently attempted to enforce due-on-sale clauses with respect to older loans that had been made at lower interest rates (especially those made prior to the 1973–75 recession and the ensuing stagflation), so they could retire those loans from their books, force buyers to ...

  3. Hard money loan - Wikipedia

    en.wikipedia.org/wiki/Hard_money_loan

    The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.

  4. Heir property - Wikipedia

    en.wikipedia.org/wiki/Heir_property

    Within the Southern United States, about a third of the land owned by African Americans, amounting to about 3.5 million acres, is held in the heirs property system. [51] Arkansas, Mississippi, Alabama, Georgia, South Carolina, Texas, North Carolina, Virginia, Florida, and Louisiana are the states most affected by the confusion of heirs ...

  5. Nonrecourse debt - Wikipedia

    en.wikipedia.org/wiki/Nonrecourse_debt

    Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.

  6. 'He may have just went crazy': Family, friends open up about ...

    www.aol.com/army-record-dui-financial-trouble...

    He listed credit card, student loan and other debts in excess of $41,000. Jabbar's second wife filed a motion for a temporary restraining order in 2020, records show.

  7. SBA 504 Loan - Wikipedia

    en.wikipedia.org/wiki/SBA_504_Loan

    There are three partners in an SBA 504 loan—the borrower, a bank or other regulated lender, and a CDC. Typically the borrower must contribute 10% of the total project cost; their bank lends 50% at their own rate and term (as long as the term is at least 10 years), and has a first lien on the assets being financed; and the CDC lends 40%, with a second lien.

  8. Mortgage-backed security - Wikipedia

    en.wikipedia.org/wiki/Mortgage-backed_security

    The securitization of mortgages in the 1970s had the advantage of providing more capital for housing at a time when the demographic bulge of baby boomers created a housing shortage and inflation was undermining a traditional source of housing funding, the savings and loan associations (or thrifts), which were limited to providing uncompetitive 5.75% interest rates on savings accounts and ...

  9. National Association of Realtors - Wikipedia

    en.wikipedia.org/wiki/National_Association_of...

    The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.

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