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presale

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presale

A sale of improved properties before they are built; common with condos and subdivisions. Presales are binding contracts. If the construction is completed, the buyer must purchase the property. Defaulting purchasers could risk more than the loss of their earnest money or their reservation fee. Under certain circumstances they could be liable for additional damages if the market takes a downturn and the property cannot be sold for a sum equal to or greater than the presale price.
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NEW YORK -- Fitch Ratings has issued a presale report on Capital Auto Receivables Asset Trust 2007-SN1 discussing the rating analysis behind Fitch's expected ratings on the offered notes.
Fitch Issues Presale Report on Capital Auto Receivables Asset Trust ... by Business Wire
NEW YORK -- Fitch Ratings has issued a presale report on California Statewide Securitization Authority, subordinate series 2006 (Pooled Tobacco Securitization Program).
Fitch Presale: CA Statewide Securitization Auth, Sub 2006 (Pooled ... by Business Wire
Standard & Poor's has issued a revised presale report for the transaction, reflecting the increase in bonds, the new loan pool analysis, and revised credit-support assessment.
S&P: Members Equity Up-Sizes its Latest RMBS Deal by Business Wire
 
 
 
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