Sentences with phrase «assets by foreclosure»

Not exact matches

This gross oversight by government will reflect increasing foreclosures and defaults on accounts «due», by people who absolutely can pay, but choose, like the banks, to reel in their assets for «self protection» of their assets.

Representing lenders and purchasers in the purchase and sale of loans and REO assets acquired by note sales, foreclosures or deeds in lieu of foreclosure

Contact LAW OFFICES OF SELWYN D. WHITEHEAD 4650 Scotia Avenue, Oakland, California 94605 Phone: [phone] Fax: [phone] [email protected] www.selwynwhitehead.com that may give them a real chance to save their homes or other major assets facing foreclosure by one or more of their secured creditors.

Bank - owned / real estate — owned (REO): Properties that have been taken back by the lender during the legal foreclosure proceeding to become an asset of the lender bank.

Receivers can stop a property from going into full foreclosure by keeping a clean balance sheet, negotiating a way to pay off the loan with the current owner and finding a purchaser to take the asset off the owner's hands.

This term is used by banks with regards to the assets they own, the properties they have taken title to through the act of foreclosure.

Let's assume one property is owned by a recently widowed client who wants a passive income; one by a wealthy investor with a low tax basis and no mortgage; and one by a developer of a large equestrian ranch that is not selling, and foreclosure is in process on all his assets, including the condo which he borrowed against.