New York 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
• 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 New York Subsequent Transfer Agreement plays a crucial role in the transaction between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. concerning the purchase and sale of mortgage loans. This agreement outlines the terms and conditions for the consummation of the transfer, ensuring a smooth and legally compliant transaction. Key aspects covered within the New York Subsequent Transfer Agreement include the identification of the parties involved, the specific mortgage loans being transferred, and the purchase price. The agreement also addresses any representations and warranties made by each party, the conditions precedent for the transfer to take place, and the responsibilities of each party after the transfer is completed. Furthermore, there might be variations or different types of New York Subsequent Transfer Agreements depending on specific circumstances. For instance: 1. New York Subsequent Transfer Agreement with recourse: This type of agreement would outline the conditions under which LCC Mortgage Investors, Inc. retains liability for the mortgage loans being transferred. It may define the recourse available to Bankers Trust of CA, N.A. in case of default or non-performance of the loans. 2. New York Subsequent Transfer Agreement without recourse: In contrast to the previous type, this agreement would typically relieve LCC Mortgage Investors, Inc. from any further liability or responsibility after the completion of the transfer. Bankers Trust of CA, N.A. assumes all risk associated with the mortgage loans. 3. New York Subsequent Transfer Agreement with representations and warranties: This agreement would include specific representations and warranties made by both parties regarding the mortgage loans being transferred. It serves to provide assurances about the quality, validity, and enforceability of the loans. Overall, the New York Subsequent Transfer Agreement is a vital legal document that establishes the framework for the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A., ensuring compliance and protecting the interests of both parties involved.

The New York Subsequent Transfer Agreement plays a crucial role in the transaction between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. concerning the purchase and sale of mortgage loans. This agreement outlines the terms and conditions for the consummation of the transfer, ensuring a smooth and legally compliant transaction. Key aspects covered within the New York Subsequent Transfer Agreement include the identification of the parties involved, the specific mortgage loans being transferred, and the purchase price. The agreement also addresses any representations and warranties made by each party, the conditions precedent for the transfer to take place, and the responsibilities of each party after the transfer is completed. Furthermore, there might be variations or different types of New York Subsequent Transfer Agreements depending on specific circumstances. For instance: 1. New York Subsequent Transfer Agreement with recourse: This type of agreement would outline the conditions under which LCC Mortgage Investors, Inc. retains liability for the mortgage loans being transferred. It may define the recourse available to Bankers Trust of CA, N.A. in case of default or non-performance of the loans. 2. New York Subsequent Transfer Agreement without recourse: In contrast to the previous type, this agreement would typically relieve LCC Mortgage Investors, Inc. from any further liability or responsibility after the completion of the transfer. Bankers Trust of CA, N.A. assumes all risk associated with the mortgage loans. 3. New York Subsequent Transfer Agreement with representations and warranties: This agreement would include specific representations and warranties made by both parties regarding the mortgage loans being transferred. It serves to provide assurances about the quality, validity, and enforceability of the loans. Overall, the New York Subsequent Transfer Agreement is a vital legal document that establishes the framework for the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A., ensuring compliance and protecting the interests of both parties involved.