concept   foreclosure
culture   India
statement   In India, foreclosure is rare and lenders typically use lengthy legal processes for property recovery.

3 similar statements
# Concept Culture Statement Freq.
1 foreclosure India Foreclosure is a rare and legally complex process, often involving lengthy court proceedings, and considered a last resort for reclaiming property from defaulting individuals. 1
2 foreclosure India Foreclosure is not a commonly practiced method in India, and lenders typically resort to other debt recovery mechanisms such as asset seizure or debt restructuring. 1
3 foreclosure India Foreclosure is not a common practice and banks usually resort to lengthy legal proceedings to recover properties from defaulting homeowners. 1