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Jamaica Estates is a neighborhood in the New York City borough of Queens. Jamaica Estates is part of Queens Community District 8 [ 1 ] and located in the northern portion of Jamaica . It is bounded by Union Turnpike to the north, Hillside Avenue to the south, Utopia Parkway and Homelawn Street to the west, and 188th Street to the east.
Foreclosure investment. 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.
Deed in lieu of foreclosure. 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 ...
The equity of redemption was the right to petition the courts of equity to compel the mortgagee to transfer the property back to the mortgagor once the secured obligation had been performed. [1] Today, most mortgages are granted by statutory charge rather than by a formal conveyance, although theoretically there is usually nothing to stop two ...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [ 1][ 2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
A real estate attorney highlights the most common eviction cases he sees in Florid… NBC Universal 21 days ago June home sales slump as median sales price rises to $426,900
718, 347, 929, and 917. South Jamaica Houses is a housing project in South Jamaica, Queens, New York. It is nicknamed "40 Projects." [1] [2] [3] The original complex, South Jamaica I Houses opened in 1940, [4] [5] while the second complex, South Jamaica II Houses, opened in 1954. [4] The entire complex is bounded by South Road to the north ...
Real estate owned. 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 foreclosing beneficiary will typically set the opening bid at such an auction for at ...
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