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  2. Mortgage note - Wikipedia

    en.wikipedia.org/wiki/Mortgage_note

    Mortgage note buyers are companies or investors with the capital to purchase a mortgage note. If someone is holding a private mortgage, these investors will give cash and take over receiving the monthly payments that were being paid to the previous owner. A mortgage note for these investors are home loans or mortgages that are secured by real ...

  3. Mortgage note: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-note-does-211132255...

    A mortgage note is one of many closing documents a borrower signs when closing on a home loan. In simplest terms, it represents the mortgage for a given borrower. In technical terms, a mortgage ...

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

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

    The types of foreclosures that can occur depend on the state you live in and your mortgage terms. Some foreclosures involve legal action (judicial foreclosures), and others do not (non-judicial ...

  5. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    REO sale property in San Diego, California. 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]

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

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

    The promissory note ( or mortgage note) is the legal contract you sign with your lender, in which you promise to repay the debt you took on with interest and agree the home is collateral for the debt.

  7. Bank walkaway - Wikipedia

    en.wikipedia.org/wiki/Bank_walkaway

    The Government Accountability Office (GAO) defines an abandoned foreclosure as a mortgage that: has entered foreclosure, the servicer decides to not continue pursuing its interest in a mortgage loan (has stopped the foreclosure proceedings), the servicer has charged off the loan (considers it worthless), and; the home is vacant.

  8. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    2. Mortgage forbearance. Mortgage forbearance is an option that can help homeowners prevent foreclosure by temporarily pausing or reducing mortgage payments during financial hardships. But the ...

  9. Trustee Sales Guarantee - Wikipedia

    en.wikipedia.org/wiki/Trustee_Sales_Guarantee

    The highest bidder at a trustee's sale gets title to the property; if no one bids, the title to the property keeps with the foreclosing mortgage lender. A valid foreclosure requires the following documents to be successful: Record vesting current owner; Encumbrances, liens, and judgments bankruptcy information; Foreclosing mortgage priority

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