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The borrower's equitable title normally terminates automatically by operation of law (under applicable statutes or case law) at the trustee's sale. The trustee then issues a deed conveying the legal and equitable title to the property in fee simple to the highest bidder. In turn, the successful bidder records the deed and becomes the owner of ...
These laws can govern your mortgage relief options if you are already in foreclosure, how to post a Notice of Sale, the sale timeline and other parts of the process. Step 1: Missed mortgage payments
In all U.S. jurisdictions, a lender who conducts a foreclosure sale of real property that has a federal tax lien must give 25 days notice of the sale to the Internal Revenue Service. Failure to give notice results in the lien remaining attached to the real property after the sale.
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.
Strict foreclosure in the law of security interests in the United States, is the foreclosure of personal property that is subject to such an interest. This is permitted under Article 9 of the Uniform Commercial Code . [ 1 ]
Western Nebraska counties to which the Kinkaid Act applied. The Kinkaid Act of 1904 (ch. 1801, 33 Stat. 547, Apr. 28, 1904, 43 U.S.C. § 224) is a U.S. statute that amended the 1862 Homestead Act so that one section (1 mi 2, 2.6 km 2, 640 acres) of public domain land could be acquired free of charge, apart from a modest filing fee.
Occupy Homes or Occupy Our Homes [1] [2] is part of the Occupy movement which attempts to prevent the foreclosure of people's homes. [1] Protesters delay foreclosures by camping out on the foreclosed property. They also stage protests at the banks responsible for the ongoing foreclosure crisis, sometimes blocking their entrances.
Nebraska's top election official has no authority to declare unconstitutional a state law that restores the voting rights of those who’ve been convicted of a felony, a lawyer for the American ...
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