Virginia 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 Virginia Subsequent Transfer Agreement is a legally binding document that outlines the terms and conditions for the consummation of the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. This agreement ensures a smooth transfer of ownership and protects the rights and interests of both parties involved. Key terms: 1. Mortgage Loans: Refers to the loans secured by real property that are being bought and sold in this agreement. These loans may include residential or commercial mortgages. 2. Consummation: The official completion and finalization of the purchase and sale transaction. It involves the transfer of ownership and all necessary documentation. 3. LCC Mortgage Investors, Inc.: The entity that is selling the mortgage loans in this agreement. 4. Bankers Trust of CA, N.A.: The entity that is purchasing the mortgage loans in this agreement. 5. Purchase and Sale: Refers to the transaction where Bankers Trust of CA, N.A. acquires the mortgage loans from LCC Mortgage Investors, Inc. in exchange for a specified amount of money. 6. Transfer Agreement: The legal contract that outlines the terms, conditions, and obligations for the transfer of ownership of the mortgage loans. 7. Virginia: The state in which the transfer agreement is governed and executed. Any specific state laws and regulations regarding the purchase and sale of mortgage loans in Virginia will be considered and incorporated into the agreement. Different Types of Virginia Subsequent Transfer Agreements: 1. Standard Subsequent Transfer Agreement: This is the typical agreement used for the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It includes the standard terms, conditions, and provisions. 2. Customized Subsequent Transfer Agreement: In certain cases, the parties may negotiate and customize the agreement to meet their specific requirements and preferences. This type of agreement accounts for any unique terms or provisions requested by the involved parties. 3. Amended Subsequent Transfer Agreement: If any changes or modifications need to be made to the original subsequent transfer agreement after its execution, an amended agreement may be drafted. This ensures that updated terms or additional conditions are reflected accurately. In conclusion, the Virginia Subsequent Transfer Agreement serves as a crucial legal document that governs the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It safeguards the interests of both parties by providing clear terms and conditions for the consummation of the transaction.

The Virginia Subsequent Transfer Agreement is a legally binding document that outlines the terms and conditions for the consummation of the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. This agreement ensures a smooth transfer of ownership and protects the rights and interests of both parties involved. Key terms: 1. Mortgage Loans: Refers to the loans secured by real property that are being bought and sold in this agreement. These loans may include residential or commercial mortgages. 2. Consummation: The official completion and finalization of the purchase and sale transaction. It involves the transfer of ownership and all necessary documentation. 3. LCC Mortgage Investors, Inc.: The entity that is selling the mortgage loans in this agreement. 4. Bankers Trust of CA, N.A.: The entity that is purchasing the mortgage loans in this agreement. 5. Purchase and Sale: Refers to the transaction where Bankers Trust of CA, N.A. acquires the mortgage loans from LCC Mortgage Investors, Inc. in exchange for a specified amount of money. 6. Transfer Agreement: The legal contract that outlines the terms, conditions, and obligations for the transfer of ownership of the mortgage loans. 7. Virginia: The state in which the transfer agreement is governed and executed. Any specific state laws and regulations regarding the purchase and sale of mortgage loans in Virginia will be considered and incorporated into the agreement. Different Types of Virginia Subsequent Transfer Agreements: 1. Standard Subsequent Transfer Agreement: This is the typical agreement used for the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It includes the standard terms, conditions, and provisions. 2. Customized Subsequent Transfer Agreement: In certain cases, the parties may negotiate and customize the agreement to meet their specific requirements and preferences. This type of agreement accounts for any unique terms or provisions requested by the involved parties. 3. Amended Subsequent Transfer Agreement: If any changes or modifications need to be made to the original subsequent transfer agreement after its execution, an amended agreement may be drafted. This ensures that updated terms or additional conditions are reflected accurately. In conclusion, the Virginia Subsequent Transfer Agreement serves as a crucial legal document that governs the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It safeguards the interests of both parties by providing clear terms and conditions for the consummation of the transaction.