Loan Repayments

Breathing room for homeowners

Avoid foreclosure by granting moratoriums on loan repayment AS THE economic crisis deepens, banks should expect more people to default on their housing loan repayments. Under the circumstances, is it in the interest of the banks to implement the commonly-practised course of action of repossessing the property and foreclosing the loan? Granting the struggling debtor a moratorium and waiting for a better...

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