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Thursday, 22 January 2009 |
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By Nicholas Hunt
 In today's faltering economy, homeowners are facing foreclosure in increasing numbers. With mounting debt, rising unemployment rates, and lack of accessibility to credit, many families are falling behind on their bills and are eventually left with no option but to default on their mortgages.
With home foreclosure a predominant topic in the news, it is important to understand what foreclosure means and how the process works.
Foreclosure is essentially the forced sale of a home. When a borrower defaults on his or her mortgage payments, the lender (or other lien-holder) then has the right, as specified in the mortgage agreement, to legally repossess the property. The mortgage holder may then offer the property for sale. The proceeds of the sale must be used to satisfy the outstanding loan balance. After the loan is settled, any remaining lien-holders are reimbursed, and the remaining equity (if any) is returned to the borrower.
The actual procedure of home foreclosure varies from state to state, but the same basic process applies in most cases.
First, the loan becomes delinquent, meaning the borrower has ceased to |
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Last Updated ( Thursday, 22 January 2009 )
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Wednesday, 21 January 2009 |
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By Nicholas Hunt
 Horse riders usually anticipate the pleasure of riding, the joy of their partnership with a noble creature. Once astride any horse, the height registers with pleasure or awe, and sometimes trepidation. Whatever the feeling, most can agree there's no denying: it's a long way down to earth. That one tall fact is a more obvious reason why horse riders need insurance. Whether horse owner or not, the rider needs protection from possible accidents. But that's not the only concern riders must face when venturing into any equestrian opportunity.
Besides the rider, the horse is a potential liability. Any mishap that injures the horse adds the extra burden of vet costs, whether the horse is owned by the rider or simply borrowed. Because the rider is responsible and potentially liable for a horse's injuries, possible circumstances clarify why horse riders need insurance. More significantly, horse and rider even risk total debilitation depending on the severity of injury.
Insurance coverage usually applies for ages five to seventy-five and can provide coverage for any number of possible needs including: 1) permanent total disability, 2) liability, |
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Last Updated ( Wednesday, 21 January 2009 )
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