Henri and Lila own a restaurant which the government has caused to close due to widening...

 

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Henri and Lila own a restaurant which the government has caused to close due to widening the road in front of their establishment. Since this is the main source of their income, and has caused Lila and Henri to stop payments on their mortgage, address the following questions. Checklist: Explain the action that Henri and Lila should expect from the bank regarding their property. Describe how the banks actions would differ if it was a deed of trust rather than a mortgage. Henri and Lila own a restaurant which the government has caused to close due to widening the road in front of their establishment. Since this is the main source of their income, and has caused Lila and Henri to stop payments on their mortgage, address the following questions. Checklist: Explain the action that Henri and Lila should expect from the bank regarding their property. Describe how the banks actions would differ if it was a deed of trust rather than a mortgage.

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The image presents a situation where Henri and Lila own a restaurant that has been forced to close due to government actionspecifically the widening of the road in front of their establishment Because ... View the full answer