When a landowner is unable to pay the debt on their property, it can lead to foreclosure. This legal process allows the lender to take possession of the property to recover the owed amount. In some cases, the property may be sold at auction to satisfy the debt, potentially resulting in the loss of the owner's investment and home. Additionally, foreclosure can negatively impact the owner's credit score and financial future.
for the dedt?
Calculate cost of debt for what??????
It has been said it will cost nearly a trillion dollars over 10 years. The nation dedt is close to 13 trillion dollars.
THIS AUTO LOAN WAS ORIGINALLY INCLUDED IN THE BKO AND SHOULD HAVE BEEN RECORDED AS A DEDBT PRIOR TO THE SELLING OF YOUR HOME, PLEASE UNDERSTAND THE DEDT IS YOURS AND THE BKO IS DISCHARGE...AT THIS TIME IT IS UP TO THE FINACIAL INSTITUTION IF THEY WANT TO CONTINUE TO WORK WITH YOU, I WOULD MAKE SURE TO KEEP MY PAYMENTS UP TO DATE AND GIVE THEM NO REASON TO COME LOOKING FOR THEIR ASSET.
I'll give you a simple answer to this question. If you want a more elaborated answer feel free to email me at ddresearch@aim.com The securitization of debt is a process in finance by which risk is distributed by aggregating assets in a pool. Then new securities are issued backed by the assets and their future cash flows. I will use the housing market crisis to show an example. One of the housing crises was triggered by the increased used of the Collateralized Debt Obligations. This were pretty much securities or stocks that where created by pulling together sub-prime mortgages. Other less risky mortgages were also added to this pools. The new securities that were created by investment banks (this is the securitization process) had as earnings the cash flows of the mortgages. Which is in simple terms the monthly mortgage payments people made to their houses.
A few weeks ago (in April 2006) Britain finally repaid the very last instalment of its war-time and immediate post-war debts, with interest. Some of it was, but most of it simply disappeared. American politicians at the time were more concerned with building up Western Europe into a viable economic/military block that could withstand a Soviet onslaught, so the government was extremely forgiving with most European countries' loans (the one possible exception was West Germany, but even they were allowed to forget about a good portion of their debts).