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2. Deed in lieu of foreclosure - Wikipedia

   en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

   A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.

3. What is a deed in lieu of foreclosure? - AOL

   www.aol.com/finance/deed-lieu-foreclosure...

   A deed in lieu of foreclosure is generally a last-resort step taken by a homeowner to avoid a foreclosure, says Alesia Parker, branch manager at Silverton Mortgage, an Atlanta-based residential ...

4. Foreclosure rescue scheme - Wikipedia

   en.wikipedia.org/wiki/Foreclosure_rescue_scheme

   The scheme preys on desperate homeowners whose mortgages are in default by offering to prevent the foreclosure. [1] [2] There are various ways in which foreclosure rescue schemes work, causing different types of harm to the homeowners, but all ultimately with the likely end result of the owner being forced out of their home and losing even more ...

5. Equity stripping - Wikipedia

   en.wikipedia.org/wiki/Equity_stripping

   When refinancing options are exhausted and foreclosure proceedings have led to near eviction, a foreclosure rescue transaction with moderate fees and full disclosures can be legally and ethically executed. A consumer can face removal from the property and the loss of their entire equity following a foreclosure auction. As an alternative ...

6. What is a foreclosure? How it works and how to avoid it - AOL

   www.aol.com/finance/foreclosure-works-avoid...

   The types of foreclosures that can occur depend on your home state and mortgage terms. Some foreclosures involve legal action (judicial foreclosures), and others do not (non-judicial foreclosures ...

7. What is the right of redemption? How it works during foreclosure

   www.aol.com/finance/redemption-works-during...

   For example, in Alabama, borrowers have the right for up to one year after foreclosure, while Illinois gives borrowers just 30 days after the sale. Limitations of right of redemption

8. Equity of redemption - Wikipedia

   en.wikipedia.org/wiki/Equity_of_redemption

   Historically, a mortgagor (the borrower) and a mortgagee (the lender) executed a conveyance of legal title to the property in favour of the mortgagee as security for the loan. If the loan was repaid, then the mortgagee would return the property; if the loan was not repaid, then the mortgagee would keep the property in satisfaction of the debt.

9. GMAC must explain thousands of potentially illegal ... - AOL

   www.aol.com/news/2010-09-25-gmac-must-explain...

   Illinois Attorney General Lisa Madigan is demanding a meeting with mortgage lender Ally after an employee testified the company rubber-stamped thousands of affidavits supporting home foreclosures ...