Sentences with phrase «quickly than a foreclosure»
The deed in lieu process also moves more quickly than a foreclosure or short sale.
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Power of sale foreclosure can occur much more quickly than judicial foreclosure because the trustee vested with the power of sale does not need court oversight to sell the property.
Second, Hunt Leibert and Reiner, Reiner process foreclosure lawsuits more quickly than their competitors, requiring an average of three to four months to close a case in comparison to the median seven - and - a-half months at other firms.
The home is then lost to foreclosure or must be sold quickly for less than market value.
A great example of this is commonly known as a pre-foreclosure «short - sale» where a bank accepts less than owed for the property in order to sell it quickly to avoid a lengthy foreclosure process or simply to remove any non-performing assets from their books.
«Our first quarter foreclosure sales report showed that the average price of a pre-foreclosure home was more than $ 27,000 higher than the average price of a bank - owned home — which quickly adds up given that there have been an average of 1.6 million nationwide foreclosure starts per year for the past five years.