The important aspects consumers should be aware of in regards to foreclosures and 2nd mortgages, common issues, processes of foreclosure for 2nd loans...
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If
you are rehabbing a home, you can obtain a construction loan to pay for the
repairs. An owner/builder may obtain a construction loan to build his...
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Not paying property taxes? Property taxes can be
expensive...
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A newspaper article in the Sun-Sentinel this morning reported that the
property values across Broward County were about 19% less than those
reported...
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If your lender has commenced foreclosure proceedings against
you, the lender cannot just evict you from your home without some kind of court
order o...
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Absolute Auction – Auction where there is no minimum bid amount. The bidder that
bids the highest gets the property.
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A foreclosure takes place
when a lender reclaims a property after a borrower fails to make the
appropriate mortgage payments and defaults on their l...
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With today’s economic woes, there are
many people who are finding themselves having to experience foreclosure
on their homes.
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Foreclosure
can devastate your credit score, ruin your finances, and, most importantly,
leave you without a roof over your head. However, in some ca...
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Foreclosure laws vary from state to state and if you are facing foreclosure, you should be aware of what the laws are in your state. There are sever...
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Your life can change in an
instant: a lost job, a medical emergency, a divorce, a mortgage adjustment, or
the effects of hard
economic times can le...
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When most people think of foreclosure they think about the
process of satisfying the home owner’s primary, outstanding mortgage. While it is true t...
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In a judicial proceeding, a lawsuit is commenced by the lender. Copies of the paperwork must be sent to the borrower and any junior lien holder...
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If you default on your investment property
mortgage payments, your lender will foreclose on the investment property and
sell it at a foreclosure auc...
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There
are many people every year that face foreclosure of their homes because of many
different factors that have left them unable to pay their mort...
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A brief general introduction explanatining what non recourse loans are vs. recourse loans, and then an explanation of each within the context of forec...
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For bidding at a foreclosure sale, bidders will need at least a 10%
deposit in the form of a cashier’s check. The successful bidder will
have to p...
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There are two types of foreclosure, judicial and
non-judicial. Judicial foreclosure, as
its name implies, is a court proceeding requiring the lend...
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The majority of states in the US allow for foreclosure by power of sale.
During the process the proceeds of the sale of the mortgaged property will
...
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Many borrowers are contemplating or attempting to sell their homes
through a short sale transaction. The reason is they cannot afford
their mortga...
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Tax lien foreclosures are sales
of properties that are foreclosed upon by the government as a result of unpaid
property taxes or for unpaid personal...
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