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

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

    A power of sale foreclosure is considered a non-judicial foreclosure because no legal action is taken. ... and if the homeowner does not make up their payments within the court-ordered period, the ...

  3. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    This process involves the sale of the property by the mortgage holder without court supervision (as elaborated upon below). This process is generally much faster and cheaper than foreclosure by judicial sale. As in judicial sale, the mortgage holder and other lien holders are respectively first and second claimants to the proceeds from the sale.

  4. Court auction - Wikipedia

    en.wikipedia.org/wiki/Court_auction

    Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage holder can foreclose on that property. If the owner is unable to make sufficient payments, the property can be sold at auction. The time and place of the auction is published in official records ...

  5. Why is it so hard to crack down on some landlords who won't ...

    www.aol.com/why-hard-crack-down-landlords...

    Landlord Gary Thomas, left, and his attorney Tyler J. Whitney listen as Thomas' tenant speaks during an eviction hearing Oct. 12 in Akron. Properties reportedly owned or managed by Thomas and his ...

  6. Equity of redemption - Wikipedia

    en.wikipedia.org/wiki/Equity_of_redemption

    However, in modern times, extinguishing the equity of redemption (and leaving the mortgagee with absolute title to the property) ordinarily requires a court order in most jurisdictions. For both legal and practical reasons, the use of foreclosure as a remedy has fallen into disuse. [6]

  7. What is the right of redemption? How it works during foreclosure

    www.aol.com/finance/redemption-works-during...

    Some will provide a specific timeline (for example, 60 days) after the property is sold, but others have a less clear-cut deadline. ... your house any time before the court confirms the sale (the ...

  8. Trustee Sales Guarantee - Wikipedia

    en.wikipedia.org/wiki/Trustee_Sales_Guarantee

    The actual sale typically completes a non-judicial foreclosure. 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

  9. Foreclosure investment - Wikipedia

    en.wikipedia.org/wiki/Foreclosure_investment

    In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage. Depending on the type of foreclosure proceeding, the sale may be administered by the courts (judicial foreclosure) or by an appointed trustee (statutory foreclosure). Proceeds from the sale are used ...

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