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portada Foreclosure: Incentives, Initiatives and Outcomes (Housing Issues, Laws and Programs: Economic Issues, Problems and Perspectives)
Type
Physical Book
Publisher
Author
Year
2011
Language
English
Pages
153
Format
Hardcover
ISBN13
9781613243466

Foreclosure: Incentives, Initiatives and Outcomes (Housing Issues, Laws and Programs: Economic Issues, Problems and Perspectives)

Barbara A. Farkas (Author) · Nova Science Pub Inc · Hardcover

Foreclosure: Incentives, Initiatives and Outcomes (Housing Issues, Laws and Programs: Economic Issues, Problems and Perspectives) - Barbara A. Farkas

New Book Imported to South Africa
Delivery: 25 Aug - 03 Sep Shipping: 3 to 4 business days.
R 3,826
R 3,826

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Synopsis "Foreclosure: Incentives, Initiatives and Outcomes (Housing Issues, Laws and Programs: Economic Issues, Problems and Perspectives) "

Since 2006, the percentage of mortgage loans that are seriously delinquent, including defaulted loans and foreclosures in inventory, has risen. One option for resolving a mortgage default is foreclosure. Foreclosure, however, is costly for borrowers that lose what might be the largest asset in their portfolios; for lenders that may not be able to recoup the outstanding loan amount, legal fees, lost revenue and maintenance costs until the distressed property is sold. This book provides an overview of servicing and a summary of the typical array of loss mitigation that servicers may offer distressed borrowers. Also discussed are regional house price movements and unemployment trends which are important drivers of mortgage repayment problems and loss mitigation outcomes.

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