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Compare and contrast the legal requirements for notifying borrowers of default and impending action in mortgages versus other collateralized loans. What is a deficiency judgment in foreclosure?
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Find similar items here:
what is the difference between mortgage and collateral
- Are there common terms that have different meanings in the context of mortgages and other collateralized loans? How does the concept of insurable interest apply to mortgages and insured collateral?
- Are there similar financing structures involving existing liens for other types of collateral?
- Can lenders pursue deficiency judgments after repossessing and selling collateral?
- Is a mortgage considered a voluntary or involuntary lien?
- Is there equivalent insurance for other types of collateral?
- What ongoing costs are associated with mortgages that are not typically associated with other collateralized loans? What is mortgage insurance?
- How does a trustee's sale differ from a judicial foreclosure sale?
- How do lenders typically handle temporary financial hardship for mortgage borrowers versus borrowers with other collateralized loans? What is mortgage loan modification?
- Are there similar short-term loans secured by existing assets to facilitate the acquisition of new assets?
- Are other types of collateralized loans typically recourse or non-recourse?
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