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A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate owned). In these situations, the owner/servicer tries to sell it through standard real estate channels.
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Real Housewives of Atlanta star Kim Zolciak-Biermann and husband Kroy Biermann’s Georgia mansion is in foreclosure and will be going to auction next month, Us Weekly can confirm. Mention It All!
REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
A short sale happens when the lender allows you to sell the house for less than the outstanding loan amount, takes the proceeds and forgives any remaining debt. A short sale could help you salvage ...
Kroy Biermann and Kim Zolciak-Biermann are doing everything they can to prevent foreclosure on their shared Georgia mansion.. The estranged couple each filed affidavits on Thursday, October 25 ...
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