| 11. | These aren't mortgaged properties.
|
| 12. | Out of more than 5.4 million mortgaged properties in flood zones, only about 1.4 million are covered by flood insurance.
|
| 13. | Cardinal Bernard Law resigned last December as archbishop, and the archdiocese is selling or mortgaging property to pay the huge settlement.
|
| 14. | In most jurisdictions, a lender may foreclose the mortgaged property if certain conditions occur principally, non-payment of the mortgage loan.
|
| 15. | Real estate companies could suffer from lower land prices as mortgaged properties are sold off to recoup losses from soured loans.
|
| 16. | Higher land prices would make it easier for banks to profit from the sale of mortgaged properties connected to the bad loans.
|
| 17. | The loan problem has weighed down rents and land prices, hurting real estate companies and hampering bank efforts to re-sell mortgaged properties.
|
| 18. | Specific procedures for foreclosure and sale of the mortgaged property almost always apply, and may be tightly regulated by the relevant government.
|
| 19. | Cox often filed fraudulent mortgage documents, and in several cases was able to mortgage properties for five to six times their actual worth.
|
| 20. | The latter provides that, if the mortgagor defaults, the mortgagee may take possession of the mortgaged property and arrange for a private sale.
|
