Acceleration Notice

LOS ANGELES, April 20, 2016 /PRNewswire/ — Armory Capital Group, LLC ("Armory Capital Group"), representing a group holding greater than 25% of the outstanding Senior Unsecured Notes (the "Notes").

A clear and unequivocal notice of the lender’s intent to accelerate the debt after the debtor has been given a reasonable time to cure the installment in arrears A final notice that acceleration has in fact occurred. The first notice regarding the demand for the payment in arrears generally is not required by the deed of trust. However,

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Holds Mortgagee Needed to Issue New Acceleration Notice Before Foreclosing. The U.S. Court of Appeals for the Fifth Circuit held that where a.

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What does the Notice of Intent to Accelerate mean? In short, the Notice means you are running out of time before your mortgage lender forecloses. Most mortgages contain acceleration clauses. "Acceleration" means that your mortgage company can demand the entire balance of the mortgage, not just the amount past due.

This notice also represents a grace period that will give the borrower or tenant time to gather the demanded funds. The acceleration is subject to all normal rules of contract rule, so lenders or landlords can waive the enforcement of an acceleration clause through word, action, or inaction.

What Is an Acceleration Clause? An acceleration clause (also called an acceleration covenant) is a provision, often written into loan agreements and promissory notes, that gives the lender, under certain circumstances, the right to require the borrower to pay off the entire loan amount immediately.. Acceleration clauses are most commonly found in mortgage contracts and real estate l

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Physics of Motion: Introducing Acceleration The sending or delivery of any form or notice which does not relate to the collection of a debt and is expressly required by title 26, title V of Gramm-Leach-Bliley Act [15 U.S.C. 6801 et seq.], or any provision of Federal or State law relating to notice of data security breach or privacy, or any regulation prescribed under any such provision.

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