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The real estate industry has been regulated since 1925 through what is now the Division of Real Estate. [4] In 1931, Colorado began chartering credit unions, when the General Assembly passed the Credit Union Act.
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).
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[20] [21] Since the 2010 crisis, 62 million mortgages are held in the name of MERS, [22] and MERS has initiated thousands of foreclosures in the United States, claiming to be the mortgagee of record. Lawyers have contended in court that MERS has no legal right to initiate a foreclosure, because MERS does not own the loans in question.
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 2 months ago The housing ...
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related to: cheap foreclosed homes in colorado real estate approved formsbankforeclosureslisting.com has been visited by 10K+ users in the past month
bankforeclosedlistings.com has been visited by 10K+ users in the past month