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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.
George D. Zamias worked as a real estate agent for eight years prior to founding the George D. Zamias Real Estate Company in 1961, which began constructing shopping centers the following year. The company was reincorporated as the Zamias Construction Company, Inc. in 1967, and then reincorporated again as George D. Zamias Developer in 1968.
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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 ...
The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 2 months ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
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 ...
In 2021, it was listed as the largest commercial property manager in the Pittsburgh metropolitan area with 13,177,043 sq ft (1,224,187.4 m 2) of leasable space. [1] Likewise, it is one of the largest real estate firms in Pennsylvania.
A real estate agent with experience in short sales might be able to help you find a buyer and guide you through obtaining the necessary approvals. 7. Short refinance
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