nytimes.com/bits SLIDESHOW: RISING SEAS For Boat Repossessions A look at the growing business of repossessing boats from people falling behind on their loan payments.
The bias towards occupants makes property all but worthless as collateral, because a lender would have little chance of repossessing a home in the event of a mortgage default.Despite these problems, one or two Russian banks have built small mortgage portfolios.
Borrowers vent their fury on the system that is repossessing their properties by smashing holes in walls and tipping paint over living-room carpets.
Retail lenders express similar misgivings about the process for repossessing homes in developing markets.Special report Bricks and slaughter Own goal When the roof fell in A world apart Prime numbers The old and the new Building excitement Between a rock and a living space Sources & acknowledgmentsReprintsThe biggest worry of all is the rush of new supply.
But we will never know because it didn't happen.On the contrary, Wall Street appears to have set its many brilliant minds the task of infuriating the public still further, by repossessing homes of serving soldiers, introducing fees for using debit cards and so on.
Where there have been defaults, strong second-hand values have shored up recoveries for lenders repossessing vehicles.This buoyancy is reflected in the strong issuance of securities backed by car loans compared with those linked to other categories of consumer debt, such as credit cards and student loans.
I particularly liked his prediction about the good fortune that awaits "the repo man", the man with the delightful task of repossessing assets from those who can no longer afford them.
Elsa is not sure how long the Santander bank will defer repossessing her apartment.
And repossessing a house from a top local bigwig in the Russian provinces is easier said than done.
Lenders have been told by the Government to look at every possibility rather than simply repossessing people who are having problems keeping up their payments.
If, however, the person with the club is employed in a position that involves repossessing goods thus, a person occupying a legitimate role in a society and menaces the other person in the process of doing so, the act of influence may well be legitimate and constitute the exercise of authority.
