A "foreclosing bank" refers to a bank that takes ownership of a property when the homeowner fails to make mortgage payments. It is a legal process where the bank sells the property to recover the unpaid loan amount. Full definition
Comments Off on Borrowers Sue Banks More and More: Massachusetts Supreme Court Rules for Home Owner — Foreclosing Bank Loses, Had No Standing to Foreclose on Borrower Tags: Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Fraud, Loan Modification, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure (aboutfloridalaw.com)
The Fannie Mae HomePath mortgage loan is only available on Fannie Mae foreclosed bank owned REO homes. (homeloanartist.com)
on Borrowers Sue Banks More and More: Massachusetts Supreme Court Rules for Home Owner — Foreclosing Bank Loses, Had No Standing to Foreclose on Borrower (aboutfloridalaw.com)