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The lawsuit also asks the court to reduce the "redemption period" — typically a time following a foreclosure during which the debtor/owner can pay to cure the default on the loan — to one month.
Lawyers for the lenders are asking the court to order the repayment of more than $700 million in loans and for the appointment of a receiver to take possession of the property, pending the ...
The initial lawsuit, ... The initial public notice advertisement for the Graceland foreclosure sale, which ran in The Commercial Appeal on May 5, May 12 and May 19, was submitted by the email ...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s. In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
A Downtown office tower at 312 Elm St. is facing foreclosure as the building’s lender seeks to recoup more than $39 million in unpaid mortgage debt, Hamilton County court records show. Lender ...
Settlement conference. A settlement or pre-trial conference is a meeting between opposing sides of a lawsuit at which the parties attempt to reach a mutually agreeable resolution of their dispute without having to proceed to a trial. Such a conference may be initiated through either party, usually by the conveyance of a settlement offer; or it ...
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