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American Craftsman house with detached secondary suite. A secondary suite (also known as a accessory dwelling unit (ADU), in-law apartment, granny flat, granny annex or garden suite [1]) is a self-contained apartments, cottages, or small residential units, that is located on a property that has a separate main, single-family home, duplex, or other residential unit.
Dwell reports that the American Institute of Architects has given BSB Designs a 2008 Small Projects Award for its Abod housing unit -- a $1500 solution to South Africa's housing shortage.
Other examples of ADUs include granny flats, English basements, mother-in-law suites, and auxiliary units. In the U.S., garage apartments are frequently found in older urban areas, either in secondary buildings designed for such purposes (sometimes called 'guest' or 'carriage' houses), or converted into residential units from their original use ...
Foreclosure of chattel mortgages (mortgage of movable property) are governed by Sec. 14 of Act No. 1506, which gives the mortgagee the right to sell the chattel at a public sale. It has also been held that as regards chattel mortgages, the law does not prohibit that the foreclosure sale be done privately if it is agreed upon by the parties. [49]
How to get a mortgage after foreclosure. Despite the foreclosure, you can own a home again with patience and strong financial habits. Before you attempt to make the purchase, though, do the ...
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 ...
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Foreclosure stripping is the process in which the owners of a foreclosed property will remove fixtures and fittings from the property in an attempt to salvage some of their investment. Malicious foreclosure stripping is done by home owners who render damage throughout the property to significantly decrease its value and cause the foreclosing ...
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