Index
1 - 3 of 3 article(s) found submitted by Mike Warren 
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Credit Judgment – Means of Collection
If a lender calls in a debt that has been defaulted upon and the debtor is unable or unwilling repay the extended loan, then the lender must take the debtor to court in order to force repayment of the extended credit; the court’s decision is referred to as a credit judgment and demands the exact amount that is to be repaid to the lender and how such repayment is to be made...
Author: Mike Warren - Category: Business
| | | Bank Short Sale – Partial Recouping of Financial Losses
When the economic climate turns frosty, credit begins to dry up, and banks or other lending institutions begin to call in past due loans and mortgages, many individuals begin to realize that they have over extended themselves financially and find that they cannot pay back their financial commitments; however, banks cannot accept the reality of losing the entirety of a loan or mortgage and therefore pursue and initiate a bank short sale...
Author: Mike Warren - Category: Finances
| | | Court Judgments – Factors Used to Make a Legal Decision
Court proceedings are initiated when a debtor has fallen behind on his or her payments to such a point that the lender believes that there is a real risk that the individual will default on the loan thereby leaving the lender with a huge financial loss; these court proceedings, usually presided over by a judge or other court appointed officer, issue legal rulings or decisions, otherwise known as court judgments, concerning the method and amount that it to be repaid to the lender...
Author: Mike Warren - Category: Legal
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