Basics »
All Articles Tagged With "foreclosure"
Mortgage Repossession Vs Foreclosure
Mortgage repossession, in the UK, is the repossession of a dwelling or home by a mortgagee due to default on the part of the mortgagor. The procedure of Mortgage repossession usually entails an order of possession in the courts and then an eviction notice. Once ...
Chapter 7 Bankruptcy
In the United States chapter 7 bankruptcy is the most common among the various other types of bankruptcies available. This type of bankruptcy can be used by businesses as well as individuals which basically governs the process of liquidation. This feature of liquidation instead of ...
The Process Of Foreclosure
The process of foreclosure can be slow or it can be rapid. It completely depends on the state and the type of foreclosure that is being enforced. In the United States there are two basic types of foreclosures; a strict foreclosure or a deed in ...
Loss Mitigation : Stalling Foreclosures
As the name itself suggests loss mitigation is the reduction of losses due to foreclosure and a way to avoid foreclosure. Loss mitigation is usually done by a third party which is a part of a financial institution or a bank. Such companies negotiate with ...
Strategic Default Dilemma
In these troubled economic times it is not unusual for the price of property and real estate to go down. In many cases the amount that is owed by the mortgagor or the borrower on the promissory note is much higher than the real cost ...
