Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Discussion / Read Chapter 5 and 12 / Answer and Comment / need it within 8 hours

15/09/2020 Client: srikanthkumar Deadline: 24 Hours

At least FOUR submissions must be made for each weekly Discussion Board (1 response to each of the two main discussion question - due by Day 3 (WED) AND 1 responses to one of your  classmates responses to the discussion questions AND 1 additional response to optional questions, your instructor,  or your classmates - due by Day 7 (SUN)). There will be a minimum of two discussion questions each week that you are required to respond to. Please keep in mind that your initial response should be well thought out to receive full credit (i.e., incorporating readings from the course as well as outside sources). Your initial responses should be one – two paragraphs (depending on the question) or the required length that is stated in the question (i.e., 100-150 words). Each paragraph should contain at least 3-4 sentences. Please remember to properly cite your sources (APA Format). Also, remember to respond to at least two of your classmates.


Question 1:


What is meant by mortgage foreclosure and what alternatives are there to such action?




Student's response:


According to our textbook on page number 27, “Foreclosure involves the sale of property by the courts to satisfy the unpaid debt (Brueggeman and Fisher, 27).” According t the textbook, there are different set of foreclosures by government or by lenders. However, sometimes the lenders want to work out the alternative plans instead of making the actual foreclosure. This is due to the fact that actual foreclosure can result in costly repairs and other expenses.


A “workout” is often described as alternative solutions that the lender give up legal claims currently in exchange for some concessions such as borrower provide information or some control over assets/revenue, etc.


There are six alternatives in a workout that can substitute the actual foreclosure according to the textbook:


“1. Restructuring of the mortgage loan.



  1. Transfer of the mortgage to a new owner.

  2. Voluntary conveyance of the title to the mortgagee (lender).

  3. A “friendly foreclosure”

  4. A prepackaged bankruptcy

  5. A “short sale” with the lender agreeing to a sale price less than the loan balance (Brueggeman and Fisher, 27).”


According to the author, these six alternatives can be other workout choices other than foreclosure.


For the first workout plan of Restructuring of the mortgage loan, there might be modified terms of payments of principals, interests, extension of payments, or even partial forgiven interests.


For the second workout plan of Transfer of the mortgage to a new owner, the mortgagor or current home owner who is about to foreclose sell his property to someone hoping that the buyer will consider the value is exceeding the debt.


For the third workout plan of Voluntary conveyancy of the title to the mortgagee (lender), this is similar to situation two, but the mortgagor is selling his equity part of the property to the lender. There can be paybacks, amount dues, or no dues and no pays agreed upon both parties. In this case, the mortgagor “sells” his net ownership of the property to the lender, usually the bank.


For the fourth workout plan of A “friendly foreclosure, which is another term for foreclosure but the lender and the borrower agree to cooperate with each other that may result less tensions and damages in a court.


For the fifth workout plan of A prepackaged bankruptcy, is like an agreement that the debt been discharged for the borrower over the borrower give up the asset to creditors or debt holders.


For the sixth workout plan of A “short sale” with the lender agreeing to a sale price less than the loan balance, then turns over the proceeds of sale to the lender. Sometimes the lender will pursue a deficiency judgment.




Question 2:


EXPLORING THE WEB


Please visit United States Department of Housing & Development at  https://www.hud.gov (Links to an external site.).   Explore the site.  What is the purpose of the organization?  Bring back something that interest you or that you learned and share it with the class.


Please be sure to check out MORE-->ONLINE SYSTEMS-->FORECLOSURE COUNSELORS and search for counselors in your area and review the services that they provide. 




Student's response:


HUD is a non-profit government organization with subsidies to make affordable housing possible for the low income families. HUD issues a voucher to the multifamily complex to individual renters of subsidized housing. It also have services about how to avoid foreclosure, home improvement, homes for sale. It helps to locate apartments and deals with issues about fair lending, housing discrimination and disabled people.


HUD also provided counseling services to people facing with foreclosure. I entered 02169 to search for the counselors. It turned out the two companies that deals with foreclosure in Quincy area, the Quincy Community Action Programs, Inc and the Neighborhood Housing Services. You can contact them with questions about foreclosure.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Master
Top Academic Guru
University Coursework Help
Assignment Hub
Essay Writing Help
Writer Writer Name Offer Chat
Academic Master

ONLINE

Academic Master

I have super grip on essays, case studies, reports and discussion posts. I am working on this forum from last 6 years with full amount of satisfaction of my clients.

$60 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$55 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Greetings! I’m very much interested to write for attendance systems. I am a Professional Writer with over 5 years of experience, therefore, I can easily do this job. I will also provide you with TURNITIN PLAGIARISM REPORT. You can message me to discuss the details.

$60 Chat With Writer
Assignment Hub

ONLINE

Assignment Hub

I feel, I am the best option for you to fulfill this project with 100% perfection. I am working in this industry since 2014 and I have served more than 1200 clients with a full amount of satisfaction.

$75 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I can provide plagiarism-free work for you within your given deadline. My professional writing career started around 5 years back with a local writing company in my city where I have produced 1000+ documents for my clients.

$75 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Managing uncertainty in supply chain safety inventory - Active maths 4 book 1 solutions - Anita roddick corporate social responsibility - Rip van winkle essay introduction - Tyler junior college dorms - The United States History Assignment - This laryngeal muscle is innervated by the external laryngeal nerve: - BSL 212 - Quote speak softly and carry a big stick - Sociological theory in the classical era 3rd edition pdf - A cart on an air track is moving - Totusoft lan speed test review - Discussion Q - Darwin and the tree of life video - 90 days from september 30 2019 - Uci eee dropbox - The hollow men questions and answers - 1700 to 12 hour - 625 encino dr aptos ca 95003 - Borderlands 2 give it a burl - How to graph integers on a number line - Ari fleet phone number - GBV task - Fundamentals of corporate finance parrino edition - Extended operating systems unsw - Communication based on a speaker's body and voice - Graded examinations in spoken english elementary topic form grade 5 - Auditing - Https lc ugrad1 gcu edu - Niko home control pdf - Beer pong knock over cup - Training needs analysis methods and their uses in a company - Msu vet tech program - Innotech micro 3000 manual - The number of textbook authors now sitting at a computer - Is anyone good for dissertations please ? - Anne frank compare and contrast - Us architectural lighting rzr - Jekyll and hyde summary - According to abel how does the bible justify slaveholding - Monash university peninsula campus - Negotiation story - Enthusiasm poem omega psi phi - The way to rainy mountain annotations - How has this medical technology affected the healthcare industry - Nurse leader role in sdlc - Short amswer - Themes of the giver - Globalization good or bad debate - Secrets of the parthenon summary - Cloud Computing - Bsbled401 develop teams and individuals assessment answers - Prepare a condensed cost of goods manufactured schedule - Lego com productfeedback lego friends - Should students use mobile phones - Thesis statement about social media - Ibm content navigator sample code - University of ottawa political science - Financial statement family court - Rj45 stranded vs solid - Coll Bargain 3.2 - HISTORY-ECONOMIC THOUGHT 125 (001) (Fall 2020) - Romeo and juliet timeline - Basketball in the 1900s - Com 201 - Excel work needed - Western general hospital consultants - The Role of the DNP Scholar in Preparing for Change - Write - The last stand of fox company chapter summaries - Question to be answered - How to write a permission letter for school - CISO VS CIO - Successful licence suspension appeal - Bulk density kg m3 - Stages of creativity in psychology - Bmw valvetronic power supply - The bold pedlar and robin hood question and answer pdf - 6 PT1 - Speech #2 - Informative Speech Country Choice and 3 Research Sources - Brick lane doctors surgery - Unbowed a memoir chapter 1 summary - 87 congressional drive liverpool - Oreo slogan twist lick dunk - Essay on loneliness and isolation - Iff mode 4 codes - Offset digital hp indigo - Ib chemistry sl data booklet - Bibl 104 quiz 1 answers - Tertiary stage of production - Soap Note x 3 (24 Hours) - Aca code of ethics apa citation - Discussion question week4 - A myxocyte is found in tissue that secretes - Chain ratio method definition - Automotive fusible link wire - The stockholders equity of tvx company at the beginning - Belbin team roles test questionnaire free - Bt diverse 4010 classic - Does bass pro take apple pay