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  2. Ocean County halts all foreclosure auctions, fears NJ law ...

    www.aol.com/ocean-county-halts-foreclosure...

    Monmouth County officials didn't return a call for comment, but its website has a sheriff's sale scheduled for July 29. Commercial real estate: After eight-year lawsuit with Belmar, Boathouse ...

  3. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    In all U.S. jurisdictions, a lender who conducts a foreclosure sale of real property that has a federal tax lien must give 25 days notice of the sale to the Internal Revenue Service. Failure to give notice results in the lien remaining attached to the real property after the sale.

  4. Foreclosure investment - Wikipedia

    en.wikipedia.org/wiki/Foreclosure_investment

    Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.

  5. Penny auction (foreclosure) - Wikipedia

    en.wikipedia.org/wiki/Penny_auction_(foreclosure)

    The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by forcing the lender to relinquish the property without an opportunity to recuperate the balance of the loan. The term arose during the foreclosure of farms during the Great Depression in the United States.

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

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

    How long does foreclosure take? Properties foreclosed in Q2 of 2024 averaged 815 days in the process, according to ATTOM’s Midyear 2024 U.S. Foreclosure Market Report. The report also highlights ...

  7. 'This Is Crazy': Company Snatches Condos From Owners - AOL

    www.aol.com/news/2012-06-27-this-is-crazy...

    After the sale, the 11 unit owners received letters saying that they or their lenders would each receive between $31,000 and $34,219 for the sale of their units.

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