Sentences with phrase «properties during the foreclosure process»

Not exact matches

Depending on local law, mortgage lenders may be required to secure abandoned properties and abate nuisances and hazards that may occur during the foreclosure process.

Generally, the applicant's credit report is pulled during the reverse mortgage process for the underwriter to review for current adverse credit issues that may affect the property, such as an open bankruptcy or pending foreclosure; however, scores are not normally a considered factor in the credit decision.

When buying a property during a foreclosure sale, you usually must pay at least the loan balance plus any interest and other fees accumulated during the foreclosure process, such as attorney's fees.

Lenders completed the foreclosure process on 54,844 U.S. properties during the month, still down 18 percent from May 2011.