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  2. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.

  3. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    Real estate owned. 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] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...

  4. Wraparound mortgage - Wikipedia

    en.wikipedia.org/wiki/Wraparound_mortgage

    Wraparound mortgage. A wraparound mortgage, more commonly known as a "wrap", is a form of secondary financing for the purchase of real property. [1] [2] The seller extends to the buyer a junior mortgage which wraps around and exists in addition to any superior mortgages already secured by the property. Under a wrap, a seller accepts a secured ...

  5. Blanket mortgage - Wikipedia

    en.wikipedia.org/wiki/Blanket_mortgage

    A blanket mortage, or blanket loan, is a type of mortgage used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be gradually sold one at a time. Rather than securing a new mortgage each time ...

  6. How long should I keep mortgage statements and documents? - AOL

    www.aol.com/finance/long-keep-mortgage...

    A home inspection report is a detailed write-up from a professional home inspector that describes indicating your home’s condition, including possible hazards or problems. Title insurance document

  7. Here’s What Harris and Trump Have Proposed to Help the ...

    www.aol.com/harris-trump-proposed-help-housing...

    Harris released a recent 60-second ad on economic policy, focused primarily on housing and first-time homeownership, which outlines parts of her plan, including building new homes and providing ...

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