Repossession is the responsible way

May 2008
Mortgage Strategy;5/19/2008, p22
Trade Publication
The author discusses the significance of repossession of property as an option for lenders when borrowers fail to pay their mortgages. He notes that repossession would mitigate costs and thus safeguarding not only the interest of lenders but also of the borrowers. He also presents other options for borrowers to avoid the litigation process and its associated costs.


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