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Thus, if the bank were to foreclose (taking ownership) and then sell the home, the bank expects that it would lose money, and thus chooses to not do so. Also, if there are problems with the property which the bank, if it takes possession and thus ownership, might become liable for, the bank might choose not to do so.
REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".
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Unclaimed property laws in the United States provide for two reporting periods each year whereby unclaimed bank accounts, stocks, insurance proceeds, utility deposits, un-cashed checks and other forms of "personal property" are reported first to the individual state's Unclaimed Property Office, then published in a local newspaper and then ...
OMG--just look at him! This long-haired Dachshund is as fashionable as can be in his work vest, but clearly, he has no time to be fawned over. He may be a small dog, but he means business! Related ...
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
Add it up, and it's the worst two-game stretch in Los Angeles Lakers history. The Lakers lost to the Heat 134-93 on Wednesday, that loss coming two days after a 109-80 loss to the Timberwolves.
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