Lenders generally require home buyers who cannot afford a 20 percent down payment to buy mortgage insurance, which covers part of a lender's losses if a buyer defaults.

If the buyer defaults and the contracts are drafted properly then there is an automatic tenant landlord relationship.

It's good to shop around for the best rates on this insurance, which protects the lender in case the buyer defaults.

In the event that the buyer defaults, the property is repossessed or foreclosed on exactly as it would be by a bank.

The seller is then at risk of buyer default and the consequential repossession/foreclosure of the asset.

If the buyer defaults in paying the installments, the owner may repossess the goods, a vendor protection not available with unsecured-consumer-credit systems.

When the new buyer defaults, the seller receives full payment through the F.H.A. insurance.

No protection from buyer default.

Such a provision, also known as a "liquidated damages clause," basically specifies the amount of money that the seller is entitled to if the buyer defaults.

On 1 March 1973 she was sold for scrap, but the deal was cancelled due to buyer default.