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FORECLOSURE PREVENTION AND PROTECTION

机译:预防与保护

摘要

A method for process monitoring is disclosed. A borrower is offered a foreclosure prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the foreclosure prevention and protection plan. The foreclosure prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a foreclosure prevention and protection (FPP) entity on behalf of the borrower in response to a covered event occurring. The foreclosure prevention and protection plan additionally may allow for paying/cancelling the debt's investor in response to loss of the property by the borrower.
机译:公开了一种用于过程监控的方法。为借款人提供了与有抵押贷款相关的止赎和保护计划。作为对借款人接受了止赎和保护计划的回应,借款人会定期付款。丧失抵押品赎回权的预防和保护计划允许有抵押贷款的贷款的至少一部分由丧失抵押品赎回权的预防和保护(FPP)实体代表借款人覆盖,以应对涵盖事件的发生。丧失抵押品赎回权的预防和保护计划还可以允许对借款人的财产损失作出反应,以偿还/取消债务的投资者。

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