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In 2011, the Wayne County Treasurer's Office netted a record $32 Million from the Bid4Assets online auction of 14,000 tax-foreclosed properties, double the amount collected the previous year. [ 12 ] In September 2011, the Golden Eye Diamond , a flawless 43.51-carat Fancy Intense Yellow diamond sold for $2,843,623 to Jerre Hentosh.
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. 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.
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 ...
From stock market news to jobs and real estate, it can all be found here. ... House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M.
The right of redemption, in the law of real property, is the right of a debtor whose real property has been foreclosed upon and sold to reclaim that property if they are able to come up with the money to repay the amount of the debt. [1] About half of all U.S. states have a statutory provision that allows such a reclamation of property. [2]
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
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