Sentences with phrase «foreclose upon a property»

Without this possibility to foreclose upon a property it would be almost impossible for any financial institution to issue mortgages to consumers.

The two ways different states use to foreclose upon a property are: judicial sale or power of sale.

Not exact matches

(Note: The Land Bank's disposition policy prohibits the sale of properties back to the owner who was foreclosed upon for tax - delinquency or the immediate family member of the prior owner.)

The scourge of zombie properties, which references properties that have been foreclosed upon and have fallen into disrepair without a bank performing upkeep, has been a Schneiderman target in recent years.

Chapter 13 also allows you to keep property that your creditors are attempting to foreclose upon or repossess.

English Jurist Sir Edward Coke noted that if the property is foreclosed upon with a mortgage - the pledge is dead.

The inherent risk with a HELOC is that, should a consumer default on the loan, they run the risk of having their personal property, namely their home, foreclosed upon and their family evicted.

If you are buying to resell the property quickly for a profit, you had better know if your buyer can readily get title insurance when buying your foreclosed - upon property.

The fear is that a veteran may be just a few months from the end of their bankruptcy seasoning period only to have their old property get foreclosed upon, kicking off a new two - year wait.

The result is that these loans were defaulted on and the properties were then foreclosed upon.

Lenders in most cases can't foreclose upon or take a property because of mortgage debt while service members are on active duty and for up to nine months after discharge.

The fear is that a veteran may be just a few months from the end of their two - year seasoning period only to have their old property get foreclosed upon, kicking off a new two - year wait.

In local multiple - listing services, properties that are being foreclosed upon may not be highlighted per se; this may only be stated in the property description.

If for some reason you end up unable to make your mortgage payments, the lender will have to foreclose upon your home, then sell the property to recoup its costs.

When a borrower defaults on a hard money loan they are in danger of being foreclosed upon and losing the property or properties which they used as collateral to secure the loan.

Curran Law client foreclosed upon and repossessed property on the shore of Lake Superior in Ashland.

There is a foreclosure on a rental unit: A tenant living in a unit that has been foreclosed upon can generally NOT be evicted when that property is purchased by a new owner.

As a result, lenders have no choice but to foreclose upon abandoned properties.

There is a question on every standard loan form asking «have you had property foreclosed upon in the last seven years?»

The data is usually old and many of the properties are already sold, under contract, expired, foreclosed upon, or in BK.

Georgia federal court rules that fact issues remain as to whether real estate professionals, who were retained to preserve and market a foreclosed property, were operating under the control of the Fannie Mae because of the extensive rules imposed upon the real estate professionals through Fannie's listing agreement.

Are people who buy properties from the borrowers who took loans out (with real money, mind you), failed to make payments for extended periods of time, trashed the properties and were foreclosed upon, really the bad guys?

The Lands Available for taxes are those properties that Counties have foreclosed upon county certificates whereby for the first 90 days any gov» t agency can buy it then it is open up to the public.

Real estate - owned a.k.a. bank - owned properties aren't just «distressed»; they've already been foreclosed upon.

However, you will be required to answer the question «Have you ever had a property foreclosed upon or given a deed - in - lieu thereof in the past seven years.

The fear is that a veteran may be just a few months from the end of their bankruptcy seasoning period only to have their old property get foreclosed upon, kicking off a new two - year wait.

REO stands for «Real Estate Owned» and these are properties that have been foreclosed upon by the bank.

In the wake of the 2008 financial crisis many single family homes were abandoned and foreclosed upon opening the way for a wave of rental property development.

Bank owned (foreclosed upon) properties still make up a major portion of listings in Las Vegas and other hard hit areas such as Phoenix, Miami, etc..