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

 
9781613243466: Foreclosure: Incentives, Initiatives and Outcomes (Housing Issues, Laws and Programs: Economic Issues, Problems and Perspectives)
Hardcover
ISBN 10: 1613243464 ISBN 13: 9781613243466
Publisher: Nova Science Pub Inc, 2013

Synopsis

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.

"synopsis" may belong to another edition of this title.

Publisher
Nova Science Pub Inc
Publication date
2013
Language
English
ISBN 10 
1613243464
ISBN 13 
9781613243466
Binding
Hardcover
Number of pages
153
Editor
Farkas Barbara A., Lakatos David F.