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Substitution of Collateral and Why It Matters

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Manage episode 209027775 series 1456926
Content provided by Larry Harbolt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Larry Harbolt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Today, I want to talk about something that confuses a lot of people, substitution of collateral. It did me for many years. Collateral is the asset you pledge when you get a loan that if you don’t pay as agreed, they can take it away from you. Substitution of collateral is when a lender allows the borrower to transfer the mortgage that the borrow signed to another property that the borrower has that is of equal or greater value.
  continue reading

224 episodes

Artwork
iconShare
 
Manage episode 209027775 series 1456926
Content provided by Larry Harbolt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Larry Harbolt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Today, I want to talk about something that confuses a lot of people, substitution of collateral. It did me for many years. Collateral is the asset you pledge when you get a loan that if you don’t pay as agreed, they can take it away from you. Substitution of collateral is when a lender allows the borrower to transfer the mortgage that the borrow signed to another property that the borrower has that is of equal or greater value.
  continue reading

224 episodes

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