The North Carolina Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage is a legally binding document that outlines the terms and conditions of purchasing mortgage loans in North Carolina. This agreement serves as a framework for the process of buying mortgage loans from Ameriquest Mortgage in the state of North Carolina. Keywords: North Carolina, Sample Subsequent Mortgage Loan Purchase Agreement, Ameriquest Mortgage. The North Carolina Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage governs the purchase and sale of mortgage loans in North Carolina. It establishes a legal framework between the buyer and Ameriquest Mortgage, providing clarity and protection for both parties involved. This agreement includes various sections that cover the terms and conditions of the loan purchase. It outlines the specific details of the mortgage loans being purchased, including the loan amounts, interest rates, repayment terms, and borrower information. Additionally, it addresses important aspects such as loan obligations, representations, and warranties. The agreement also sets out the rights and obligations of both parties. It defines the responsibilities of Ameriquest Mortgage as the seller, such as providing accurate loan information and documentation. The buyer's responsibilities, on the other hand, include conducting due diligence, reviewing loan files, and ensuring compliance with applicable laws and regulations. In some instances, there may be different types of North Carolina Sample Subsequent Mortgage Loan Purchase Agreements of Ameriquest Mortgage, which can include variations based on specific loan products or borrower qualifications. These types of agreements may be tailored to meet the unique needs or requirements of a particular mortgage transaction. It is important for both buyers and sellers to thoroughly review and understand the terms and conditions set forth in the agreement before entering into such a transaction. The agreement helps ensure transparency, mitigates risks, and provides a legal framework for a smooth mortgage loan purchase process in North Carolina.
North Carolina Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage
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Employer Identification No.) 1100 TOWN & COUNTRY ROAD, SUITE 1100 ORANGE, CALIFORNIA 92868 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 541-9960 Item 5.
On September 1, 2007, Citigroup completed its acquisition of Argent Mortgage and AMC Mortgage Services, shutting down Ameriquest Mortgage.
Status: CLOSED. Long Beach was closed by Washington Mutual in 2007. History: Originally a California-based savings and loan, founded in 1979, Long Beach Bank became a federally chartered thrift institution in 1990. In October 1994, it became Long Beach Mortgage Co.
What Is A Purchase Agreement? A real estate purchase agreement spells out the terms under which a buyer and seller agree to engage in a real estate transaction. Signing a purchase agreement effectively places both the buyer and seller (as well as the property in question) ?under contract.?
The "lender" is the financial institution that loaned you the money. The lender owns the loan and is also called the "note holder" or "holder." Sometime later, the lender might sell the mortgage debt to another entity, which then becomes the new loan owner (holder).
On September 9, 2007, Argent Mortgage was sold to Citi for an undisclosed amount. Argent was renamed Citi Residential Lending. Citi Residential Lending operated for several months before it was shut down. On September 10, 2007, Ameriquest stopped accepting loan applications.