enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Bill McMachen of Michigan Buys Hundreds of Foreclosed ... - AOL

   www.aol.com/news/2012-08-03-bill-mcmachen...

   For around $4.7 million, you might be able to snag one gleaming, top-of-the-line luxury home in a top market. In Michigan's Macomb County, though, it bought one man 627 homes. Bill McMachen, who ...

3. Bid4Assets - Wikipedia

   en.wikipedia.org/wiki/Bid4Assets

   In July 2002, Bid4Assets conducted an internet-based tax sale for Washtenaw County, Michigan. This was Michigan's first-ever online tax-foreclosed property auction. [10] In 2005, Bid4Assets sold the Sandshaker Lounger, Package Store and Sandwich Shop, a popular Pensacola, Florida hangout.

4. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   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 ...

5. Equity stripping - Wikipedia

   en.wikipedia.org/wiki/Equity_stripping

   The rescue artist will express intention to reconvey the property back to the homeowner in the form of a lease or a contract for deed. Simple mortgage assumption allows the owner of the home in foreclosure to transfer the deed to the property to the rescue artist without the involvement of any lender. This results in a transfer of ownership and ...

6. Repossession - Wikipedia

   en.wikipedia.org/wiki/Repossession

   Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]

7. Tax sale - Wikipedia

   en.wikipedia.org/wiki/Tax_sale

   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 ...