The bank would look favorably at this. Video of the Day. After assessing your credit and income documents, the loan officer will take a loan application. If so, give the information requested and allow him to get a tri-merged (all credit bureau reports consolidated into one) credit report with scores. He will prepare a "good faith estimate" of costs involved in doing the loan for you. Expect a higher rate than home loan rates, since land loans are best unsecured personal loan australia risk to the bank.
A full loan package that will require your signature and date are next. Discuss your appraisal and value with him and give a copy of the appraisal containing the appraiser's name and contact number. Comply with any requests made by your lender regarding updating of documents as the loan is processed and wait to hear that your loan is clear to close.
The lender will set up your closing.
The attorneys fee, litigation expenses, and medical liens total 50,000. Of the remaining 50,000, you must pay the litigation lender the principal of 25,000 plus its funding fee of approximately 12,500. You then receive the remaining proceeds of 12,500. 100,000 Settlement amount. - 50,000 Attorneys fee, litigation expenses and medical liens.
- 25,000 Principal repaid to Lawsuit Lender. - 12,500 Funding fee owed to Lawsuit Lender. 12,500 Remainder to You. What If You Lose the Case or Settle for Less Than What You Owe.
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