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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.
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 ...
This is intended to be a complete list of properties and districts listed on the National Register of Historic Places in Herkimer County, New York. The locations of National Register properties and districts (at least for all showing latitude and longitude coordinates below) may be seen in a map by clicking on "Map of all coordinates". [ 1 ]
A real estate agent with experience in short sales might be able to help you find a buyer and guide you through obtaining the necessary approvals. 7. Short refinance
General Nicholas Herkimer, commander at the Battle of Oriskany in 1777 and namesake of Herkimer County. In 1791, Herkimer County was created as one of three counties split off from Montgomery (the other two being Otsego and Tioga counties) as New York State was developed after the American Revolutionary War. Its area was much larger than the ...
Herkimer is a village on the north side of the Mohawk River and the county seat of Herkimer County, New York, United States, about 15 miles (24 km) southeast of Utica.As of the 2020 Census, it had a population of 7,234, and a predicted population of 7,283 on July 1, 2022. [3]
Strict foreclosure is also an effective remedy where the value of the goods foreclosed is the equivalent of the debt due and owing, and the creditor can easily sell the goods for that value. In order to effect a strict foreclosure, the creditor must transmit a proposal indicating their desire to foreclose, which must be sent to the debtor and ...
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
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