http://www.thefinancialfairytales.com/blog/2010/08/21-ideas-for-financial-literacy/ Helping Children Learn About Money, Enterprise and The Business of Life Wed, 22 Feb 2012 03:00:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.thefinancialfairytales.com/blog/2010/08/21-ideas-for-financial-literacy/comment-page-1/#comment-2086 Muay Thai Camp Sat, 30 Apr 2011 20:21:24 +0000 http://www.thefinancialfairytales.com/blog/?p=190#comment-2086 Generally in most jurisdictions, a lender may foreclose the mortgaged house if certain conditions - principally, non-payment with the mortgage loan - obtain. Subject to local lawful requirements, the property are able to be sold. Any amounts received in the sale (net of costs) are put on the original debt. In some jurisdictions, mortgage loans tend to be non-recourse loans: if the cash recouped from sale of the mortgaged property are usually insufficient to cover the particular outstanding debt, the lender may not have recourse towards the borrower after property foreclosure. In other jurisdictions, the borrower stays responsible for any leftover debt. Generally in most jurisdictions, a lender may foreclose the mortgaged house if certain conditions – principally, non-payment with the mortgage loan – obtain. Subject to local lawful requirements, the property are able to be sold. Any amounts received in the sale (net of costs) are put on the original debt. In some jurisdictions, mortgage loans tend to be non-recourse loans: if the cash recouped from sale of the mortgaged property are usually insufficient to cover the particular outstanding debt, the lender may not have recourse towards the borrower after property foreclosure. In other jurisdictions, the borrower stays responsible for any leftover debt.

]]>