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

Barbara A. Farkas

ISBN 10: 1613243464 / ISBN 13: 9781613243466

Published by Nova Science Publishers, Inc., 2013

About this Item

NEW. SHIPS FROM MULTIPLE LOCATIONS.

Seller Inventory # ERICA82916132434646

Bibliographic Details

• Title: Foreclosure: Incentives, Initiatives and Outcomes (Housing Issues, Laws and Programs: Economic Issues, Problems and Perspectives)
• Publisher: Nova Science Publishers, Inc.
• Publication Date: 2013
• Language: English
• ISBN 10: 1613243464
• ISBN 13: 9781613243466
• Binding: Hardcover
• Condition: New
• Book Type: book

About this title

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.