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Unpaid Mortgage Debt can be strenuous but can be managed. Here’s how
- July 12, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
6,117 CommentsNo one could have forecast the shock, impact and speed of the economic crisis that followed the pandemic. But with scores of borrowers having to experience loss in income, repaying their Mortgages has been greatly impacted. Despite the temporary reprieve offered by the UAE government, the long-term impact of dealing with Mortgage Debts have begun to weigh on many. In this situation, some homeowners may want to move out of the UAE altogether to escape their mortgage commitments, but the ramifications can be immense.
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Mortgage Debt Management can circumvent banks from freezing end-of-service benefits
- June 28, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Banks have the right to seize the end-of-service benefits for Mortgage customers if they doubt repayment capability and the Loan to value exceeds the threshold. Here’s how it can be circumvented with the help of a successful Mortgage Debt Management service.
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How Mortgage Debt Management Works in the UAE
- June 19, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Over thousands of residents have registered to be repatriated from the UAE due to the COVID19 crisis. The economic crisis has resulted in many Job losses. salary cuts & business income loss. With no alternate options in sight, many have decided to return to the home country to sit out their economic troubles.
So what happens if you have no other option but to leave the country with a Mortgage in the UAE? And what are the different solutions that will help you resolve the debt without any legal implications? -
Eligibility criteria for Mortgage Debt Management in the UAE
- June 1, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
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5-step process to restructure Mortgage Debt in the UAE
- May 26, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Unforeseen circumstances can completely derail your financial plans and even affect your ability to repay Mortgage payments on time. As time passes, this Mortgage with its interests and penalties can turn into a monstrous sum. One of the best things to do in these situations is not to run and hide. It’s otherwise, you need to go ahead and ask your bank for a Debt Restructuring.
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Registered for Repatriation with a Mortgage in UAE? Here’s what can be done
- May 13, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
The economic crisis due to the COVID19 pandemic has resulted in many Job losses. salary cuts & business income loss. With no alternate options in sight, many have decided to return to the home country to sit out their economic troubles.
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How to choose the best Mortgage Debt Management company
- April 29, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
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Beyond Mortgage default, new options open up for home owners in the UAE
- April 22, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
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COVID-19 : How can Mortgage Borrowers avert the Financial Crisis in UAE
- April 13, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Several countries are facing a public health crisis due to the COVID-19(Novel Coronavirus) pandemic. With no definitive treatment for the virus and the increasing number of cases every day, there seems to be no end to the pandemic soon.
As the UAE Government declares newer measures and strict lockdown hours, it’s clear that the health threat is going to seriously affect the solvency of businesses and individuals. The government is doing its best to lessen the impact of the virus outbreak on the economy. But there is no denying that the crisis at hand will have a knock-on effect on the financial system.
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A Knowhow of Insolvency Laws in UAE
- January 6, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
The UAE Cabinet has approved the new Federal Law for regulating insolvency cases from 2020. The law intends to protect honest debtors from facing legal persecution and decriminalises financial obligations of insolvent borrowers. It also provides support in the form of an opportunity to work, be productive and provide for their families.
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