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Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...
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 ...
Greer is an unincorporated community and census-designated place in Apache County, Arizona, United States. Located within the White Mountains of Arizona and surrounded by the Apache-Sitgreaves National Forest , Greer is the highest town in the state at an elevation of approximately 8,400 feet (2,560 m).
Property Wars is an American reality television series that airs on the Discovery Channel and premiered on July 12, 2012. [1] The second season was announced on December 18, 2012, with the season debut on January 10, 2013. [2]
Aug. 27—Yet another lawsuit has been filed against Santa Fe real estate and art magnate Gerald Peters, who has been named a defendant in several complaints filed by creditors this year. The ...
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.
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