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  2. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Repossession does not necessarily satisfy the loan. If the repossessor sells the asset for an appropriate amount, and if that amount is less than the amount of the loan, and if the repossessor sues the debtor for the balance (plus reasonable fees if applicable) in a timely manner, the debtor may be liable to pay the balance (sometimes called ...

  3. The Hardship Letter: Four Points to Make When Seeking a Home ...

    www.aol.com/news/2011-03-28-the-hardship-letter...

    In the same vein, the spate of loan modification scammers who have taken thousands from already struggling homeowners in return for false promises to fix their broken adjustable rate mortgages ...

  4. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    In the case of mortgage possession or repossession, if the home is sold or auctioned for a price that exceeds the loan balance, those funds are returned to the consumer. Mortgage possession involves legal proceedings in which a mortgagee or other lienholder , usually a lender, obtains a court order for possession of a property, prior to ...

  5. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    Negotiating with a collection agency or junk debt buyer is somewhat similar to negotiating with a credit card company or other original creditor. However, many collection agencies (or junk debt buyers) will agree to take less of the owed amount than the original creditor, because the junk debt buyer has purchased the debt for a fraction of the ...

  6. How to get out of a title loan: 5 legal title loan loopholes

    www.aol.com/finance/title-loan-5-legal-title...

    Negotiating with your lender or searching for a bad credit personal loan may help you avoid fees, pay less in interest and prevent repossession. And until you get out of debt, always stay on top ...

  7. How to Negotiate Your Home Purchase - AOL

    www.aol.com/news/2010-03-16-how-to-negotiate...

    No matter how low of an offer you put in for a home, it almost never fails that at some point you get buyer's remorse wondering if you could have purchased it for even less. Some realtors might ...

  8. Cleanup clause - Wikipedia

    en.wikipedia.org/wiki/Cleanup_clause

    A cleanup clause is a contractual provision in a loan agreement which provides that all loans must be repaid within a specified period, after which no further loans will be made available to the debtor for a specified "cleanup" period. It may also refer to revolving line of credit.

  9. What is a reverse mortgage? How it works, who it’s best for ...

    www.aol.com/finance/what-is-a-reverse-mortgage...

    Yes. You’re at risk of losing your home if you fail to pay property taxes, keep up your homeowners insurance or maintain the home. The loan can also become due if you move out for more than 12 ...

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