Sentence examples for consequences of foreclosure from inspiring English sources
Understand the consequences of foreclosure on your home.
Homeowners can work with a realtor and their lender to sell the home for less than the debt owed to avoid the consequences of foreclosure.
A lender will often work with a homeowner in default to lessen the stress and consequences of foreclosure by accepting the deed to the property without going through the foreclosure process ending in a sale of the home through the county court system.
Compared with 2005, fewer windows were protected by bars, but more were boarded up or broken, another possible consequence of foreclosure and abandonment.
That's because a co-op building is entitled to its share before the bank can claim anything in the event of foreclosure (the ultimate consequence of nonpayment of maintenance charges).
The terms they received on their loan modification are rarely offered to troubled borrowers today, and so their journey — and their escape from the possible consequences of a foreclosure — remain unusual.
"Today we begin to address the devastating consequences of the foreclosure crisis in America's second-largest city," Los Angeles City Atty.
While the housing slump has come to dominate American presidential debates and has sent Wall Street into a tailspin, the consequences of millions of foreclosures across the United States are also being felt far overseas.
White's analysis shows that only 25percentt of mortgage defaults are strategic; the percentage isn't higher, he argues, due to homeowners' perceived shame and guilt of foreclosure, and fear of the consequences.
Banks who committed this kind of foreclosure fraud may not face criminal consequences, according to Bloomberg News.
It's the type of outcome we're currently seeing in Michigan, where, according to a court ruling last week, "Detroit's recent bankruptcy filing only emphasizes the broader consequences of predatory lending and the foreclosures that inevitably result".
