Franklin Ohio Subsequent Transfer Agreement between MLCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. regarding consummation for purchase and sale of mortgage loans

• Category: Real Estate - Mortgages and Deeds of Trust
• State: Multi-State
• County: Franklin
• Control #: US-EG-9220
• Format: Word; Rich Text

Description

Subsequent Transfer Agreement between MLCC Mortgage Investors, Inc. and Bankers Trust of California, N.A. regarding consummation for purchase and sale of subsequent mortgage loans dated 00/99. 3 pages. The Franklin Ohio Subsequent Transfer Agreement refers to a legal agreement made between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. regarding the consummation for the purchase and sale of mortgage loans in Franklin, Ohio. This agreement outlines the terms and conditions under which LCC Mortgage Investors, Inc. transfers the ownership of mortgage loans to Bankers Trust of CA, N.A. It ensures a smooth and legally binding transaction between the two parties involved. Key terms and provisions in the Franklin Ohio Subsequent Transfer Agreement may include: 1. Loan Identification: The agreement lists the specific mortgage loans being transferred, including loan numbers, borrower names, property addresses, and principal amounts. This information ensures clarity and precision in the transfer process. 2. Transfer Consideration: The agreement outlines the purchase price or consideration that Bankers Trust of CA, N.A. will pay LCC Mortgage Investors, Inc. in exchange for the mortgage loans. It may specify the payment terms, such as a lump sum or installments, and any associated fees or costs. 3. Representations and Warranties: LCC Mortgage Investors, Inc. provides assurances to Bankers Trust of CA, N.A. regarding the validity and accuracy of the mortgage loans being transferred. This includes representations about the absence of material misstatements or omissions in loan documents, compliance with applicable laws and regulations, and the quality of title or lien on the mortgaged properties. 4. Indemnification: The agreement details the indemnification provisions, specifying the responsibilities of each party in case of any losses, damages, or claims arising from the transfer. Indemnification clauses protect against potential liabilities and ensure that the parties are accountable for their respective roles and obligations. 5. Governing Law and Jurisdiction: The agreement defines the governing law, typically the laws of the state of Ohio, and the jurisdiction in which any legal disputes or claims arising from the agreement will be resolved. This ensures legal clarity and serves as a reference point in case of conflicts. The Franklin Ohio Subsequent Transfer Agreement may come in different types, depending on the specific transaction or arrangement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. Some possible variations or specific types of subsequent transfer agreements could include: — Residential Mortgage Subsequent Transfer Agreement: Focusing on the transfer of residential mortgage loans in Franklin, Ohio. — Commercial Mortgage Subsequent Transfer Agreement: Specifically addressing the transfer of commercial mortgage loans in Franklin, Ohio. — Partial Transfer Agreement: When only a portion of the mortgage loans held by LCC Mortgage Investors, Inc. is transferred to Bankers Trust of CA, N.A. — Whole Loan Transfer Agreement: In cases where LCC Mortgage Investors, Inc. transfers all the mortgage loans within their portfolio to Bankers Trust of CA, N.A. These variations of subsequent transfer agreements may differ in specific terms and provisions, tailored to the unique nature of the mortgage loans being transferred and the preferences of the parties involved.

The Franklin Ohio Subsequent Transfer Agreement refers to a legal agreement made between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. regarding the consummation for the purchase and sale of mortgage loans in Franklin, Ohio. This agreement outlines the terms and conditions under which LCC Mortgage Investors, Inc. transfers the ownership of mortgage loans to Bankers Trust of CA, N.A. It ensures a smooth and legally binding transaction between the two parties involved. Key terms and provisions in the Franklin Ohio Subsequent Transfer Agreement may include: 1. Loan Identification: The agreement lists the specific mortgage loans being transferred, including loan numbers, borrower names, property addresses, and principal amounts. This information ensures clarity and precision in the transfer process. 2. Transfer Consideration: The agreement outlines the purchase price or consideration that Bankers Trust of CA, N.A. will pay LCC Mortgage Investors, Inc. in exchange for the mortgage loans. It may specify the payment terms, such as a lump sum or installments, and any associated fees or costs. 3. Representations and Warranties: LCC Mortgage Investors, Inc. provides assurances to Bankers Trust of CA, N.A. regarding the validity and accuracy of the mortgage loans being transferred. This includes representations about the absence of material misstatements or omissions in loan documents, compliance with applicable laws and regulations, and the quality of title or lien on the mortgaged properties. 4. Indemnification: The agreement details the indemnification provisions, specifying the responsibilities of each party in case of any losses, damages, or claims arising from the transfer. Indemnification clauses protect against potential liabilities and ensure that the parties are accountable for their respective roles and obligations. 5. Governing Law and Jurisdiction: The agreement defines the governing law, typically the laws of the state of Ohio, and the jurisdiction in which any legal disputes or claims arising from the agreement will be resolved. This ensures legal clarity and serves as a reference point in case of conflicts. The Franklin Ohio Subsequent Transfer Agreement may come in different types, depending on the specific transaction or arrangement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. Some possible variations or specific types of subsequent transfer agreements could include: — Residential Mortgage Subsequent Transfer Agreement: Focusing on the transfer of residential mortgage loans in Franklin, Ohio. — Commercial Mortgage Subsequent Transfer Agreement: Specifically addressing the transfer of commercial mortgage loans in Franklin, Ohio. — Partial Transfer Agreement: When only a portion of the mortgage loans held by LCC Mortgage Investors, Inc. is transferred to Bankers Trust of CA, N.A. — Whole Loan Transfer Agreement: In cases where LCC Mortgage Investors, Inc. transfers all the mortgage loans within their portfolio to Bankers Trust of CA, N.A. These variations of subsequent transfer agreements may differ in specific terms and provisions, tailored to the unique nature of the mortgage loans being transferred and the preferences of the parties involved.