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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
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]
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.
A power of sale foreclosure is considered a non-judicial foreclosure because no legal action is taken. Strict foreclosure: Strict foreclosures are less common because only a few states allow them ...
See how much home can you buy for the money, especially with these well-priced homes in cities across the U.S. Top Picks: Homes for Under $30,000 Foreclosure Search: Nevada Tops the List in U.S ...
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