Sentences with phrase «occur before foreclosure»

Short sales usually occur before foreclosure, when a lender has determined that a borrower is in default and can neither make the payments nor sell the property for enough money to cover the loan balance.

Not exact matches

Before the Farmington foreclosure sale occurs, the borrower pays the lender what is owed on the note.

Before the St Paul Central foreclosure sale occurs, the borrower pays the lender what is owed on the note.

Short Sale — A real estate transaction that happens before foreclosure occurs, usually with the approval of the lender to liquidate the property for less than the outstanding loan balance.

Before the Anoka foreclosure sale occurs, the borrower pays the lender what is owed on the note.

Before the Minnesota foreclosure sale occurs, the borrower pays the lender what is owed on the note.

Before the St Paul Daytons Bluff foreclosure sale occurs, the borrower pays the lender what is owed on the note.

Before the West Bloomington foreclosure sale occurs, the borrower pays the lender what is owed on the note.

Before the St Louis Park foreclosure sale occurs, the borrower pays the lender what is owed on the note.