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dual tracking

Turkish translation: (mortgage kredisinin / ipoteğinin ) çift taraflı takip (işlemi)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:dual tracking
Turkish translation:(mortgage kredisinin / ipoteğinin ) çift taraflı takip (işlemi)
Entered by: elleripley

21:21 Feb 19, 2021
English to Turkish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: dual tracking
"Dual tracking" occurs when a mortgage servicer continues to foreclose on a borrower's home while simultaneously considering the borrower's application for a loan modification or other foreclosure avoidance option. In the past, dual tracking was common.

During the mortgage crisis, it was typical for servicers to advance a foreclosure while telling the homeowners they were in the running for a modification or other mortgage workout option. In most cases, the homeowner would end up with whichever one was completed first—usually a foreclosure.

Because of this practice, called "dual tracking," many homeowners who were sure that a loan modification was forthcoming were shocked to ultimately lose their homes.
elleripley
Local time: 16:48
(mortgage kredisinin / ipoteğinin ) çift taraflı takip (işlemi)
Explanation:
As far as I understand, although they may seem identical, both the terms “adversary proceeding” and “dual tracking” fall under different area.

Dual tracking literally means “çift taraflı takip” in Turkish and refers to “adversary proceeding” according to Tureng dictionary.

So, in order to prevent this mistranslation, I suggest to use this term.

https://tureng.com/en/turkish-english/iki taraflı takip işle...
Selected response from:

Yunus Can ATLAR
Türkiye
Local time: 16:48
Grading comment
Teşekkür ederim :)
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1(mortgage kredisinin / ipoteğinin ) çift taraflı takip (işlemi)
Yunus Can ATLAR


  

Answers


49 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
(mortgage kredisinin / ipoteğinin ) çift taraflı takip (işlemi)


Explanation:
As far as I understand, although they may seem identical, both the terms “adversary proceeding” and “dual tracking” fall under different area.

Dual tracking literally means “çift taraflı takip” in Turkish and refers to “adversary proceeding” according to Tureng dictionary.

So, in order to prevent this mistranslation, I suggest to use this term.

https://tureng.com/en/turkish-english/iki taraflı takip işle...


    Reference: http://wartchowlaw.com/category/chapter-13/page/2/
    Reference: http://www.kap.org.tr/tr/ek-indir/4028328d5988e2630159b0e8e5...
Yunus Can ATLAR
Türkiye
Local time: 16:48
Works in field
Native speaker of: Native in TurkishTurkish
PRO pts in category: 24
Grading comment
Teşekkür ederim :)

Peer comments on this answer (and responses from the answerer)
agree  Amir Akbarpour Reihani
7 hrs
  -> Teşekkürler Amir Bey!
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