The Virgin Islands Subsequent Transfer Agreement is a legal document that outlines the terms and conditions for the purchase and sale of mortgage loans between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. This agreement is crucial in ensuring a smooth and structured process for transferring mortgage loans between the two entities. The agreement includes detailed information about the parties involved, including their legal names and addresses. It also specifies the specific mortgage loans that are being transferred, such as loan numbers, amounts, and any relevant borrower information. The agreement also outlines the purchase price for the loans and any additional fees or costs associated with the transfer. Furthermore, the Virgin Islands Subsequent Transfer Agreement includes provisions regarding the consummation of the purchase and sale. It specifies the timeline for completing the transfer and any necessary steps or documentation that must be provided by the parties involved. This ensures that all legal requirements are met and that the transfer can be finalized seamlessly. In addition to the general Virgin Islands Subsequent Transfer Agreement, other types of agreements may exist between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. regarding the consummation for purchase and sale of mortgage loans. These agreements may include specific variations or amendments that cater to unique circumstances or additional terms not covered in the general agreement. Examples of other potential types of the Virgin Islands Subsequent Transfer Agreements could include: 1. Amended Subsequent Transfer Agreement: This agreement may be used when modifications or adjustments are made to the terms and conditions of the original agreement. It ensures that both parties are in agreement with the changes and provides a legal framework for implementing them. 2. Bulk Transfer Subsequent Transfer Agreement: In cases where many mortgage loans are being transferred or sold, this specific agreement is used to establish the terms and conditions for the bulk transfer. It may include additional provisions to address the unique circumstances of such transfers. 3. Subsequent Transfer Agreement for Non-Performing Loans: If the mortgage loans being transferred are considered non-performing, meaning the borrower is in default or payment delinquency, a separate agreement may be necessary. This agreement could outline the specific actions or steps that need to be taken by both parties to address the non-performing nature of the loans. In conclusion, the Virgin Islands Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. is a crucial document that governs the purchase and sale of mortgage loans. It ensures a structured and legal framework for transferring the loans and may have various types and variations depending on specific circumstances or requirements.