Business

7 July, 10:09

Tranh owns a home with a fixed-rate mortgage. unfortunately, the real estate market has a downturn, and his home is now worth less than he owes on the mortgage. in addition, tranh is laid off from his job. rather than go through the time and cost of a foreclosure, the bank gives tranh permission to sell the property for the market value and agrees to forgive the balance of the loan. this is called:

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Tranh owns a home with a fixed-rate mortgage. unfortunately, the real estate market has a downturn, and his home is now worth less than he ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Stacy is trying to find a parking spot in a busy parking lot. she sees an open space and heads toward it, but before she can pull in, a car cuts her off, zooms into the space, and nearly causes an accident.

Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing system. The company sold 300,000 units in January.

After a long night of partying, one of your friends yells "Road Trip!" You all hop in the car and keep driving. When you finally reach your destination it is noon and you see the Sun directly overhead.

A method of understanding what any business does is to view it as a system for meeting customer needs by

Dan kim does a lot of customer research on his ideas for new products before actually making a prototype. in the new-product development process, this stage is calle

New Questions in Business

The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues of $402,000 and expenses of $351,000, and the company declared and paid dividends of $11,200.

Which of the following refers to the acquisition of goods in one country and the selling of them to buyers in another country? a. Cartel b. Joint venture c. Trading company d. Outsourcing

1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.

Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.

Transfer payments are not included in gdp calculation because these are