by adminbank | Oct 30, 2015 | Foreclosure
Foreclosure is the legal option a lender considers following a delinquent mortgage with aim of selling the property and using the proceeds to cover the outstanding debt as well as the expenses incurred during the foreclosure and the sale. A short sale on the other had...
by adminbank | Oct 28, 2015 | Foreclosure
This is a legally set time within which a foreclosure lawsuit must be filed with the court. The elapse of these time means that the lender’s claim is invalid thus he/she cannot initiate a foreclosure against your home. A foreclosure is usually treated as a breach of...
by adminbank | Oct 22, 2015 | Foreclosure
There are two types of foreclosures the judicial and non-judicial foreclosures. Only the judicial requires the courts oversight in order to be executed. Foreclosure judgments in the favor of the plaintiff (the foreclosing party) can be attained in the three ways:...
by adminbank | Oct 21, 2015 | Foreclosure
Foreclosure is the process through which involuntarily a lender starts a process of reacquiring the underlying asset before the end of a loan/mortgage agreement in order to recover the outstanding debts, or voluntarily where a borrower seeks to end the mortgage...
by adminbank | Oct 14, 2015 | Foreclosure
For homeowners experiencing difficulty in making their monthly mortgage payments as required by their creditor, there are government programs at the state and federal levels that help homeowners avoid closure by providing them with grant money. This money is availed...
