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OverviewSince 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. Full Product DetailsAuthor: Barbara A Farkas , David F LakatosPublisher: Nova Science Publishers Inc Imprint: Nova Science Publishers Inc Weight: 0.472kg ISBN: 9781613243466ISBN 10: 1613243464 Pages: 153 Publication Date: 18 October 2011 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents"Preface; Incentives & Factors Influencing Foreclosure & Other Loss Mitigation Outcomes; Preserving Homeownership: Foreclosure Prevention Initiatives; ""Robo-Signing"" & Other Alleged Documentation Problems in Judicial & Non-judicial Foreclosure Processes; Mortgage Foreclosures: Additional Mortgage Servicer Actions Could Help Reduce the Frequency & Impact of Abandoned Foreclosures; Index."ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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