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They'll have a lien put on their house, foreclosures,” said Tammy Rodeffer, an owner, to WTSP at the time. “I'm concerned about the overall community.” “I'm concerned about the overall ...
‘SUPERCHARGE YOUR LOCAL ECONOMY AFTER COVID-19,’ lawyer Matt Weidner wrote in a May 22, 2020, e-mail to the city manager of one city, advocating aggressive foreclosures.
Another real estate and development interest bought 1165 Nantasket. Hingham developer Thomas J. Hastings won the bid for the property for $400,000. ... a Florida-based limited liability company ...
Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme.Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s.
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 ...
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. Depending on the type of foreclosure proceeding, the sale may be administered by the courts (judicial foreclosure) or by an appointed trustee (statutory foreclosure). Proceeds from the sale are used ...
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