Legal Question in Real Estate Law in Israel

In some countries, when a mortgage borrower loses the abillity to pay back the mortgage, the bank forecloses the house but give the borrower an alternative apartment. Is there something like that in the US law? What is the term used in the law literture for such a case?


Asked on 1/16/10, 1:33 am

1 Answer from Attorneys
Ayal Weil A.Weil - Law Office

http://en.wikipedia.org/wiki/Foreclosure

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Answered on 1/16/10, 11:47 pm


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