Bank Owned Collateral for Sale

Bank Owned Collateral Property

If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses. Because collateral offers some security to the lender in case the borrower fails to pay back the loan, loans that are secured by collateral typically have lower interest rates than unsecured loans. A lender's claim to a borrower's collateral is called a lien.

Interest in understanding state title requirements on Boats, RV's or some commercial equipment.

Should you state title your boat or Coast Guard Document it? Check out this resource!