Posted on October 24, 2009Saving a Home from Nonjudicial Foreclosure More Difficult
In nonjudicial foreclosure states, homeowners who believe they can fight back against the process face an additional challenge that borrowers in judicial states do not have to deal with.
Trustee Sale Articles
Posted on October 24, 2009Ownership of Foreclosed Home Not Transferred After Auction
At the end of the foreclosure process, once all of the notices have been sent and published and the lawsuit has ended, a public auction is held to dispose of the property. Sheriff sales do not always go smoothly, and homeowners may need to find out...
Posted on August 20, 2009Different Types of Foreclosure Used in a Handful of States
A few states still allow two different methods of foreclosure, one called strict foreclosure and the other called foreclosure by entry and possession. While they are used in only a minority of cases, borrowers should be aware of them.
Posted on November 30, 2008What is a Trustee's Sale?
Previously, the steps that a lender can undertake the moment mortgage foreclosure has started were explained. Right now, the trustee's sale will be tackled. In states that use deeds of trust, this process is called non-judicial foreclosure.
Posted on November 30, 2008Mortgage Foreclosure Process - What is It?
Mortgage foreclosure is an official, legal process wherein a person, a group, or a company owes money to a lender and can't pay. In which case, the lender would force the sale of a real estate property involved in order for them to pay off the loan...
Posted on November 30, 2008The Phases of Mortgage Foreclosure
Previously, the concept of the whole mortgage foreclosure process is discussed, including the steps that the bank or the lender can undertake to recover the money involved in the property in question. Now, the steps that the lenders can take as far...
Posted on November 30, 2008Short Sale - Is it For You?
Many homeowners are now finding themselves in a situation where they cannot afford to pay off their mortgage any longer. This maybe because they had taken advantage of the short-term interest-only loans or had their properties valued lower than the...
Posted on July 10, 2008Foreclosure Laws in Tennessee
Out of court proceedings in Tennessee begin with the sale being advertised in a local paper, on three separate occasions, the first of these ads must be run a minimum of twenty days in front of the scheduled sale date. If there is no newspaper...
Posted on April 23, 2008How Does a Foreclosure Auction Work?
Discover the insider secrets of professional home buyers at foreclosure auctions and what you should look out for or avoid all together.
Posted on October 2, 2007What Happens after the Foreclosure Auction
In the event that homeowners are unable to stop foreclosure from taking their homes, there is a disconcerting danger of what will happen after the sheriff sale when the eviction process begins. Only by understanding how foreclosure works and what...
