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When refinancing options are exhausted and foreclosure proceedings have led to near eviction, a foreclosure rescue transaction with moderate fees and full disclosures can be legally and ethically executed. A consumer can face removal from the property and the loss of their entire equity following a foreclosure auction. As an alternative ...
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 real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
On Jan. 11, Banks allegedly requested $50,000 in exchange for his future vote in favor of the “developers” bogus real estate company that was bidding on the city’s SOQ.
Or perhaps, as in the case of one of my client’s dogs, your dog’s frantic barking is triggered by a family of raccoons who believe your attic is the hottest real estate in town. Barking may ...
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