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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.
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
A month later, a developer proposed building 1,500 homes on the site and surrounding land, and the Pembroke Pines City Commission voted to change the land's zoning from commercial recreation to residential. [30] In 1992, the Broward County Planning Council approved plans for 1,260 homes and a small shopping center on the site. [31]
Miramar–Pembroke Pines line: 0.000: 0.000: SR 817 (University Drive) to I-595 / Florida's Turnpike Extension: west end of state maintenance: Miramar–Hollywood– West Park tripoint: 2.528: 4.068: US 441 to I-595: Pembroke Park–Hollywood– Hallandale Beach tripoint: 5.08: 8.18: I-95 – West Palm Beach, Miami: Exit 19 on I-95: Hallandale ...
Pembroke Pines, Florida, Broward County; Pembroke, Polk County, Florida, a ghost town in Florida This page was last edited on 20 ...
Today's Wordle Answer for #1264 on Wednesday, December 4, 2024. Today's Wordle answer on Wednesday, December 4, 2024, is CRYPT. How'd you do? Next: Catch up on other Wordle answers from this week.
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