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The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".
In 1961, Cuckmere Brick Co had received planning permission to build 100 flats each with a garage on a site of 2.65 acres (1.07 ha) near Maidstone, and received £50,000 mortgage financing from Mutual Finance who valued the land accordingly. By 1964, due to cash flow problems arising from other developments in which Cuckmere was involved ...
Sanchez, 836 S.W.2d 151, where a repossession agent towed away a car even after the loanee locked herself in it, the court decided that this was an unlawful breach of the peace and declared the repossession invalid. The debtor was also awarded $1,200,000 in damages from the bank involved.
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Mortgage rates hit their highest point in 20 years this week, coming within a hair of 7% and further crushing many homebuyers' dreams. The average rate on the 30-year fixed mortgage jumped to 6.92 ...
Mortgage rates dipped again this week, enticing more rate-sensitive buyers and sellers to return to the housing market. The average rate for a 30-year loan dropped to 6.60% from 6.66% a week prior ...
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The rate on the popular 30-year mortgage stood at 7.37% on Thursday, according to Mortgage News Daily. The uptick left buyers once more on the sidelines. Mortgage rates top 7% following hotter ...