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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

NOVEMBER 15, 2023

And possibly the most common question people ask is credit card debt is secured or unsecured. In broad terms, if a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay. What is the difference? Unsecured Debt What is unsecured debt?

Unsecured Debt 52
Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52
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Dealing with Deceased Borrowers Since the 2016 Mortgage Servicing Rule

Jimerson Firm

MAY 12, 2021

The lender should perform a diligent search to identify potential successors in interest, which may include: (a) A search in the public records; (b) A search for open probate cases in the county where the property is located and in the county where the borrower resided; (c) Inspecting the property to identify any people in possession; and. (d)

Collateral 52
Collateral Lender Loans Foreclosure 52
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