As it applies to mortgage loans, "Scratch and Dent" has come to mean any one or combination of 'defects' stemming from originations made outside a lender's implemented credit guidelines, deficiencies in loan documentation, errors made in following regulatory compliance laws, irregular payment history or borrower defaults. There may be other reasons but these five categories are usually the most common.
Here are a few examples:
1. Outside Guidelines: Borrower with a 605 credit score but the product guidelines called for a minimum score of 620
2. Document Deficiencies: loan file is missing an origination appraisal
3. Regulatory Compliance: funds were disbursed to the borrower prior to expiration of a three day rescission period
4. Pay History: in the past 6 months the borrower has been 30 days late with his payments on two occasions
5. Borrower Defaults: borrower misses payment(s) completely "Scratch and Dent" may also include loans to borrowers who have filed for bankruptcy (in the past or after subject loan was made), borrowers currently in the foreclosure process (any stage) or loans found to be fraudulent after closing (occupancy, income, employment, etc.) Years ago, it primarily referred to loans that were either 'sub-performing', 're-performing' or 'non-performing' in their cash flows/payments. So you see, it has really become something of a catch-all definition these days!
You can purchase Scratch and Dent appliances at Sears or at any local appliance store. Sears is located in many malls and they have a website that will be there for your convenience.
Sears would be a great place to look for scratch and dent appliances in Chicago.They sell hundreds of appliances and are more than willing to reduce the price when a scratch or dent is noted.
If it is a scratch in the paint there are touch up kits available from a car dealership's parts department. For a dent and scratch add some dent filler to the touch up kit to fill in the dent.
If the appliance is stainless steel, a scratch can be improved by using a stainless steel scratch removal kit. Scratch-B-Gone, and Rejuvenate Stainless Steel Scratch Eraser Kit are both products that can improve the appearance of a scratch or dent in an appliance.
Indentation, scratch and scrape are synonyms for dent. Additional synonyms include nick and damage.
Scratch dent appliances are just that, your regular appliances that are either scratched or dented. These appliances can be purchased at a discounted price from most of your regular retailers.
A "scratch and dent" appliance for your home is a recommended product due to its durability factors. Many companies utilize this "tagline" such as GE, LG, and Whirlpool to name a few.
I get scratches and dents when I leave my car in a parking lot and people fling their car door open. A deep scratch or dent can be created at snail speed.
You can find cheap scratch and dent removing appliances at ten Nicholson Street Coburg drive. Many people are satisfied with how cheap it is do do removeals and how well it is done.
You can buy the "as is" scratched and dented appliances at one of the Scratch and Dent appliance Superstores located in Ontario, Canada. There is one located in Kitchener that you can check out for more information.
The Home Depot sells appliances that have been scratched or dented in their scratch and dent warehouse. These appliances work perfectly fine and sometimes the scratch or dent is very small, but you can often find large discounts at these stores throughout the country.
Parking Ticket Dent Scratch Bird Droppings Dirt/Mud