Foreclosure Buyout

Foreclosure Buyout
A refinancing program that allows a homeowner to avoid foreclosure on their home. Foreclosure buyouts are typically a refinancing loan which the homeowner obtains to cover the portion of the current mortgage that is in default. Of course, finding a lender that will lend to a borrower that is in the process of being foreclosed on can be difficult and if successful, the loan will usually be accompanied by a high interest rate.

Foreclosure buyouts skyrocketed in the wake of the 2008 subprime meltdown. Customers who use this service generally are required to have a minimum of 25% equity in the home before a loan is considered. This is to offset the risk to the lender should the borrower default on the foreclosure buyout loan. Foreclosure buyouts can also be referred to as foreclosure bailouts.


Investment dictionary. . 2012.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Mezzanine capital — Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company s assets which is senior only to that of the common shares. Mezzanine financings can be structured either as debt… …   Wikipedia

  • Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

  • Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… …   Wikipedia

  • Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… …   Wikipedia

  • Cosmopolitan of Las Vegas — Coordinates: 36°06′36″N 115°10′31″W / 36.110022°N 115.17531°W / 36.110022; 115.17531 …   Wikipedia

  • Venture capital — (also known as VC or Venture) is a type of private equity capital typically provided to immature, high potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the… …   Wikipedia

  • Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… …   Wikipedia

  • Emergency Economic Stabilization Act of 2008 — Plan Paulson Immeuble abritant le Département du Trésor des États Unis Le Plan Paulson, ou TARP[note 1], est l une des mesures mises en place par les États Unis à partir de septembre 2008 pour faire face à la crise financi …   Wikipédia en Français

  • Plan Paulson — Immeuble abritant le Département du Trésor des États Unis Le Plan Paulson, ou TARP[note 1], est l une des mesures mises en place par les États Unis à partir de septembre 2008 pour faire face à la crise financière de 2008, elle même enfantée par… …   Wikipédia en Français

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”