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

Powerpoint - What are business rules in database - Tushy ottoman vs squatty potty - Four principles of training - Comb and tissue paper kazoo - Resource Manual for Educating Students With Exceptionalities - Soft model of human resource management - Food and nutrition a level syllabus - Analyze Your Customers - RM DISCUSSION-3 - Comparative financial statement analysis of pepsico and coca cola - Kardell paper company ethics case - Short answer - Aft2 task 4 staffing plan - Abstract reasoning patterns list - Nickel and dimed introduction questions answers - Discussion 10 MKT500 - What is the overall message of white's walden - Bsbwor501 assessment 2 answers - Project overrun case study - If a tree falls in the forest philosophy - Child observation notes - Mcdonald's recently made productivity gains by cutting the - Stoichiometry of a precipitation reaction lab answers - Romeo and juliet paper assignment - Discussion "What do you think are different between men and women sexuality? - Math 533 final exam keller - Provide feedback on these concerns - Financial Accounting - Creative evolution henri bergson pdf - A soldier for the crown answers - Mcloughlins beach caravan park - Business assignment - Buzz lightyear intro speech - Due at 1145 - Miranda in hag seed - Bendigo woolen mills geelong - Web design presentation ppt - Difference between erp and bpr pdf - Earth Science - Sponge plowed guitar lesson - A journey into the deaf world chapter 3 - Discussion - Exercise 3.1 - Sota instruments model zbb5 ionic silver generator - Determine a total category lcnrv evaluation - Assignment Due Monday 09/14/2020 at 9 am - Uc davis nutrition faculty - Abercrombie and fitch wiki - Questions and answers to bus 599 strategic management peregrine exam - Safety awareness for forklift equipment operator exam answers - Tattoos on the heart chapter 7 summary - Why Social Worker need big data? - Work Breakdown Structures - Ir led voltage drop - Cc-9 - What is the manufacturer-specific id for the gemtek radio transmitter/receiver? - Research Paper Personality Assessment- 2 Parts - Marvins miami ok weekly ad - Nataka long term finance writer - Who owns the zebra and who drinks water - Needed Urgently, Accounting homework - Bus.com 3.2 - 16 university avenue macquarie university - Waren sports supply bank reconciliation 2017 - Cons of organic farming - Find the value of each expression 9p3 - Bsbadm502 manage meetings task 1 - Respiratory System - Ice cream distribution model - Asalamalakim meaning - HUC106 and BTM104 - He loved andromeda and saved her from cetus - Owls ii sample report - Maxis wireless internet online account - Georgia tech housing map - How to prepare oxygen in a laboratory - Give me liberty eric foner - Philips pagewriter tc70 user manual - Probabilistic seismic hazard analysis ppt - Slavery race and the making of american literature - 5010 kj to calories - Magnetic field of a solenoid lab answers - How to deal with seagull manager - Explain how this employment is directly related to your field of study * - Engineering assignment - Melton borough council housing - What is sploosh from holes - Roger tempest broughton hall - Medication Errors Led to Disastrous Outcomes - Selected currently preferred) specialty and second-preferred specialty - Relaxing music with water sounds meditation deep sleep music 429 - Data Obtained using RegRipper - Autism daily schedule template - Https www youtube com watch v mjco2exthso - How to find net income on statement of owner's equity - Personal Development Portfolio Summary Essay Question - R Studio Lab 5 - A credit sale of merchandise for $112.20 - Bring it on the musical enjoy the trip