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Defaulting on securitised loan

stainluss · 2019-01-20 11:20:07

I was just wondering if there are any implications of defaulting on a securitised loan, aside from losing the asset you used as security? In these cases do banks typically try to get the money back through the courts etc. or do they typically just take the asset?

20-01-2019 12:20pm

#1

stainluss

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I was just wondering if there are any implications of defaulting on a securitised loan, aside from losing the asset you used as security?

In these cases do banks typically try to get the money back through the courts etc. or do they typically just take the asset?

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