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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 ...
Globe Asiatique Realty Holdings Corp (GARHC), simply known as Globe Asiatique (abbreviated as GA), is a Philippine real estate corporation.. It is known for its townships in Central Luzon and Southern Luzon, mostly developed in the 2000s and has built high-rises along EDSA in Metro Manila.
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.
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. [3] [4] It has ...
For both legal and practical reasons, the use of foreclosure as a remedy has fallen into disuse. [6] Even where a mortgagee seeks an order for foreclosure from the courts, the courts will frequently order judicial sale of the property instead.
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
The National Housing Authority (NHA) is a government agency responsible for public housing in the Philippines. Established on July 31, 1975, it is organized as a government-owned and controlled corporation under the Department of Human Settlements and Urban Development as an attached agency. [4] NHA gate NHA corporate center, Vertis North
The Fernandez House, along Revellin street, was built sometime between the 1890s to the 1900s. The two-storey house is undergoing renovations. The house, reminiscent of a typical bahay na bato in the Philippines, has a first level of wood and bricks and a wooden second floor. Another noteworthy feature of the house is its original piedra china ...