Birdman has reached a deal with the company suing him to sell the home to a third party “as is” for $13.5 million. The company suing him, EMG Transfer Agent, accused Birdman of borrowing $12 million and putting the Miami home up as collateral, then defaulting on the loan. A judge ...
Although a personal loan has many advantages, defaulting on a loan can seriously affect your life goals. Discover what will happen if you don't repay your loan with a personal loan repayment period.
1.Failure to perform a task or fulfill an obligation, especially failure to meet a financial obligation:in default on a loan. 2.LawFailure of a party in a case to make a required court appearance. 3.The failure of one or more competitors or teams to participate in a contest:won the ch...
If you’re trying to get out of default on a federal student loan, you may be eligible forstudent loan rehabilitation. This is where you agree to pay back at least some of your loan on time for a certain duration. This agreement may help you eventually get out of def...
The meaning of DEFAULT is failure to do something required by duty or law : neglect. How to use default in a sentence.
Defaulting on a credit card can make it challenging to obtain credit in the future. Lenders and financial institutions are less likely to approve your loan or credit applications due to your history of defaulting. This can negatively affect your ability to buy a home, finance a car, or even...
Borrowers should avoid defaulting on their Home Loan EMIs as it could lead to severe consequences. But, asHousing Loansare repaid over a tenure of 15-20 years or even more, it is not uncommon for the borrower to find themselves in a temporary situation, where they cannot pay the EMIs. ...
Blaine hotel builders sued; Blaine Hospitality faces foreclosure proceedings after defaulting on a $5 million loan to Home Federal Savings. The developer says construction delays are to blame.(BUSINESS INSIDER)Feyder, Susan
Defaulting on a home equity loan or HELOC could result indefault and foreclosure. What the home equity lender does depends on the value of your home and how much you owe upon default. If you have enough equity in your home, your lender will likely initiateforeclosureprocedures, because it ha...
default /dɪˈfɔːlt; dɪˈfɔːlt/noun verbdefault defaults defaulted defaultingNOUN1. [uncountable,countable] failure to do sth that must be done by law, especially paying a debt 违约(尤指未偿付债务)◆ The company is in default on the loan. 这家公司拖欠借款。◆ Mortgage...