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One of the leading financial services around the globe is JPMorgan Chase & Co. With its vast array of services catering to millions of customers worldwide, Chase maintains a robust reputation. Perhaps one of their most crucial services is ‘Chase Auto‘, a division specifically designed to cater to the auto loan needs of consumers.

What is Chase Auto?

Chase Auto is a comprehensive financial service offered by JPMorgan Chase & Co. that encompasses auto loans and leasing options for personal and commercial vehicles. It services those purchasing from both dealerships and private party sales. The tailored solutions help customers meet their specific auto financing needs efficiently.

Complete Auto Financing Solutions

Chase Auto provides customers with the opportunity to finance a vast range of vehicles — whether it be cars, trucks, minivans, or SUVs. It delivers a convenient process for acquiring auto loans, offering a seamless online application or through participating dealerships. The advantages are flexible contract terms, competitive rates, and a monthly installment payment method.

How Does the Skill Set Translate Globally?

Chase Auto is not limited to the United States. The company’s all-around auto services are admired globally due to its competitive rates and top-notch customer service. In fact, Chase’s efficient practices could significantly benefit markets in various countries, including pension loans Australia. As Australians are superannuation conscious, they have a high demand for a system that will support pension loans in the auto finance market. Since Chase Auto already has expertise in such a domain, it could be a significant player in terms of pensions led auto market in Australia.

Digital Innovations in Chase Auto

Chase Auto has steadily adapted to the changing financial landscape by embracing digital innovations. It offers an online car buying and financing service powered by TrueCar. It enables the consumers to find, buy, and finance their new car all in one place — the Chase Auto platform. Consequently, providing the customers with the ability to see the competitive pricing information and loan options, making the purchasing process more transparent and straightforward.

Customer Service

Chase Auto is well-known for its exceptional customer service. It provides a variety of resources to support its customers during their loan tenure. For instance, it offers payment extensions and hardship programs for those experiencing financial distress and operates an expert helpline for any auto loan-related queries. This dedicated support reinforces Chase’s client relationships, assuring they receive the help they need when they need it.

Chase Auto Refinance

Chase Auto Refinance is another element of Chase Auto’s integrated services. The service enables customers to lower their car loan’s interest rate, decrease the monthly payments, or repay the auto loan faster. It offers a user-friendly online platform where one can check their new rate and loan terms without impacting their credit score.

In conclusion, Chase Auto stands out as a comprehensive, customer-centric auto loan service that aids customers worldwide, including those interested in pension loans Australia. Its innovative offerings combined with its globally adaptable services make it a remarkable provider in today’s auto finance market.

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Submitted by: Mark Aucamp

Mortgage Foreclosure

Mortgage foreclosure is the process of barring, closing out or taking away. Mortgage foreclosure is the process of barring, closing out or taking away. A judicial remedy that technically brings a mortgage to an end and vests the mortgagors (the borrowers) estate or interest in land in the mortgagee. A process instigated in the event of a default by the mortgagor. The mortgagee (i.e. the lender or anyone who has acquired the rights of to the mortgage) takes an action to force the mortgagor to repay the outstanding debt, or risk the loss of the mortgaged property. This action may be referred to as barring or precluding the mortgagors equity of redemption, i.e. barring his right to reclaim the mortgaged property. The termination of a mortgagors equity of redemption without possibility of recall, 2 Bl Comm 159.

Mortgage Foreclosure and Power of Sale are:

Strictly speaking, mortgage foreclosure is the process by which a mortgagee has a right to claim title to the property when a mortgagor is in default in paying the mortgage debt (but not before). It may be distinguished from any other procedure by which the mortgagee may seek to have the property sold and merely lay claim to the proceeds of sale. Nonetheless, foreclosure may be used to refer to any process by which the mortgagee seeks to cut off, beyond recall, the mortgagors right to the mortgaged property.Thus, foreclosure includes the process by which a mortgagee may seek a sale of the property by recourse to a court order, or by exercising his power of sale; as well as taking possession of the mortgaged property and holding possession for the period allowed for redemption (in the US called foreclosure by entry and possession or foreclosure by writ of entry).

In common law, a right to foreclosure arises when the date stipulated for the redemption of the mortgage loan has passed. If there is no specified date for redemption, or if the mortgage provides for repayment of the entire debt on demand, mortgage foreclosure proceedings may be commenced a reasonable time after the mortgagee has demanded repayment (Toms v Wilson (1862) 4 B & S 442, 122 Eng Rep 524).

Mortgage Foreclosure as a Remedy

Foreclosure is a remedy available to any legal or equitable mortgagee (whether the original mortgagee or an assignee, and to any first or subsequent mortgagee); but not to a chargee, because a charge does not grant a right to any interest in land.

In English law, foreclosure may be instigated only by application to the High Court and the action must involve all parties interested in the mortgaged property. The court initially may issue a decree of foreclosure nisi and give the mortgagor time to pay (usually six months). At that stage all subsequent mortgagees also have the right to repay the delinquent mortgage, or else lose their security, i.e. be foreclosed by the prior mortgagee. Hence the expression, redeem up, foreclose down. If the debt is not repaid by a time specified by the court, the court may then grant a foreclosure absolute, which vests the mortgagors fee simple or term of years in the mortgagee, free of the mortgagors right to redeem and the rights of all subsequent mortgagees, although any prior or superior mortgages remain in place (Law of Property Act 1925, ss. 88(2), 89(2)).

In the US, mortgage foreclosure may take a number of different forms depending on the jurisdiction. It may be: (i) strict foreclosure; (ii) foreclosure by a writ of entry and possession; (iii) foreclosure by action; or (iv) foreclosure under a power of sale (55 Am.Jur.2d., Mortgages (Rochester, NY), 512, p. 187).

In some jurisdictions, after a public sale, the mortgagor may be entitled to exercise a statutory right of redemption. Thus, mortgage foreclosure, or simply foreclosure, may be used in a more generic sense for the termination of all rights of the mortgagor or of his grantee in the property covered by the mortgage; [More]

Bibliograhical References Mortgage Foreclosure:

Note:

Terms in bold, including mortgage foreclosure, power of sale, equity of redemption , the French term hypothque, and all the related terms are defined and explained in detail in our Encyclopedia of Real Estate Terms, Third Edition; as well as ONLINE.

About the Author: Damien Abbott, B.Sc.,FRICS is the author of the Encyclopedia of

Real Estate Terms

, now in its 3rd Edition and available ONLINE. Damien is an expert in providing definitions for Real Estate terms and today’s term is

MORTGAGE FORECLOSURE

. http://realestatedefined.com/blog/mortgage-foreclosure/

Source:

isnare.com

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Home Equity Loans with Bad Credit: Why Bankruptcy is Ignored

by

Mary D Wise

Finding funds to alleviate financial pressures can be extremely difficult when bad credit is in the equation. But even when banks are not willing to take a risk on lending large sums of money, there is a source of collateral that can outweigh all their concerns – your home. In fact, getting home equity loan with bad credit is almost too certain.

With bad credit in the mix, this should not be the case. But the value of the equity tied up in a home is much greater than the figure calculated at the time. Of all the forms of security that can be offered as part of a loan application, equity is the most accepted. So much so, in fact, that even with a history of bankruptcy, an applicant can be approved. What this means is that homeowners have the greatest potential to secure funds at any time, thanks to the home equity loans that are available. So, financial hardship can be quickly and effectively dealt with. Equity Loans Explained The basic concept is simple. Each time a homeowner makes a repayment on their existing mortgage loan, the balance reduces. A payment effectively buys back that share of the house value and because ownership (equity) increases, a home equity loan with bad credit becomes possible. For example, if a home was purchased with a mortgage worth $200,000 a decade ago, then 10 years of repayments will have seen perhaps $75,000 of the mortgage paid off. That means an equity of $75,000 exists. If the value of the home has increased in the meantime (say to $250,000) then that adds to the equity value too, increasing it to $125,000. So, even with a history of bankruptcy, the homeowner owns something that can provide security for a home equity loan of $125,000. And because of the enduring value of property, the security is, literally, as safe as houses. Why Bankruptcy Does Not Matter We would expect that a bankruptcy ruling would have a definite influence over any application for a large sum loan. But even with a home equity loan with bad credit such rulings have no effect on applications. This is because lenders treat land and property very differently from other forms of security. The fact is that buildings and land never depreciate. The market value may slip, for example during a recession, but the value is certain to increase again as the markets recover. When compared against other items typically used as security, it is clear to see why even a history of bankruptcy should be null and void in any assessment. A car, for example, can age and become worthless, while jewelry is subject to the markets and to fashions – gold is just not valuable as it once was. There is a sense of temporary about these items, but land and buildings are permanent fixtures, making home equity loans a safe investment. Finding the Right Lender The task of finding the right lender, with the best loan terms is made easy by the growth in online lenders – even for home equity loan with bad credit. Generally, they charge the lowest interest rates. But caution is advised with online lenders, and it is important that they are checked out with the Better Business Bureau. When an applicant has a history of bankruptcy, it may be better to meet and discuss options with a mortgage lender. They can usually offer a good overall loan package, and have the contacts to get the best terms. But with a home equity loan from any lender, approval should be almost certain.

Mary Wise is a certified loan consultant who helps people get approved for

Guaranteed Bad Credit Personal Loans

and

Bad Credit Mortgage Loans

. To get help with your financial situation you can visit her at

badcreditloanservices.com

Article Source:

Home Equity Loans with Bad Credit: Why Bankruptcy is Ignored