Ad
related to: loan sharks meaning in real estate
Search results
Results From The WOW.Com Content Network
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
A non-recourse loan is secured by the value of property (usually real estate) owned by the debtor. However, unlike other loans, which oblige the debtor to repay the amount borrowed, a non-recourse loan is fully satisfied merely by the transfer of the property to the creditor, even if the property has declined in value and is worth less than the ...
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
For premium support please call: 800-290-4726 more ways to reach us
Many will be left vulnerable to “legal loan sharks” if the Government does not bring forward its plans to regulate the “buy now, pay later” sector sooner, a Labour MP said. In Chancellor ...
Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006 audit report from the office of inspector general of the US Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as ...
During the early 1950s, DeStefano became one of the most prominent loan shark operators in Chicago. Using stolen money from his days as a bank robber, DeStefano began investing in Chicago real estate. He bought a 24-suite apartment building and used the rent money as legitimate income to bribe local aldermen and other politicians. [citation needed]
The sharks come out, and it will hurt you even more." Buyers at the high end of the housing market have also been bolstered by recent stock market gains, he told CNBC.