Forecast Policy Scenario and Foreclosure: Difference between pages
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imported>Doug Williamson (Create page - source - PRI - https://www.unpri.org/inevitable-policy-response/forecast-policy-scenario-macroeconomic-results/4879.article) |
imported>Doug Williamson (Classify page.) |
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'' | ''Secured lending'' | ||
Foreclosure is the process in secured lending which may follow default by the borrower. | |||
In foreclosure, the lender takes possession of an asset or assets used to secure the borrowing, often going on to sell them to raise money to discharge the unpaid borrowing, in part or in full. | |||
In residential mortgage lending, foreclosure is often known colloquially as 'repossession' of the mortgaged residential property. | |||
== See also == | |||
== | * [[Charge]] | ||
[ | * [[Fixed charge]] | ||
* [[Forbearance]] | |||
* [[LTV]] | |||
* [[Mortgage]] | |||
* [[Repossession]] | |||
* [[Security]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 12:33, 30 March 2020
Secured lending
Foreclosure is the process in secured lending which may follow default by the borrower.
In foreclosure, the lender takes possession of an asset or assets used to secure the borrowing, often going on to sell them to raise money to discharge the unpaid borrowing, in part or in full.
In residential mortgage lending, foreclosure is often known colloquially as 'repossession' of the mortgaged residential property.
