Mortgage Broker Business for Sale
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Business broker - A business broker is a person or firm engaged in the business of enabling other businesses, including internet businesses and websites, to get sold.
Mortgage broker - A mortgage broker acts as an intermediary who sources mortgages on behalf of individuals or businesses.
Bulk sale - A bulk sale is a sale of goods by a business that represents all or substantially all of its inventory to a single buyer unless such a sale would be common in the ordinary course of its business. In order to protect the purchaser from claims made by creditors of the seller, the seller must usually complete an affidavit outlining its secured and unsecured creditors.
Shared appreciation mortgage - A mortgage in which the lender agrees to an interest rate lower than the prevailing market rate, in exchange for a share of the appreicated value of the collateral property. The share of the appreciated value is known as the contingent interest, which is determined and due at the sale of the property or at the termination of the mortgage.
mortgagebrokerbusinessforsale
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