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Glossary

Title Report foreclosure

Title Report | A report which sets out the current state of title to a property.

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Visalia California foreclosure

Q. How does a foreclosure affect my credit? – Ans. Well, it is serious. The lenders I have spoken with tell me it will be about a 400 pt hit on you credit score. Really foreclosure is the last resort. There are a number of things that can possibly be done before you get to that point.

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Glossary

Title Insurance foreclosure

Title Insurance | An insurance policy that provides protection for lenders and buyers against any losses caused by defects in the title.

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Concord California foreclosure

Q.

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Glossary

Title Company foreclosure

Title Company | Firms that examine properties to ensure that the title to a piece of property is clear and free of any encumbrances. They also issue title insurance.

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Denton Texas foreclosure

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Glossary

Title foreclosure

Title | Evidence of ownership of land.

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New Haven Connecticut foreclosure

Q. Can I still live there after the Sherrif sells my house? – Ans. Yes, until the redemption period is up you can live in it. But if you move out, the lender may be able to accelerate the foreclosure period and take the property back quicker because the property was

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Glossary

Tenant at will foreclosure

Tenant at will | One who holds possession of premises with the owners permission.

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Thousand Oaks California foreclosure

What is strict foreclosure? – Not a common procedure, a strict foreclosure does not require a sale. Once the proceeding has begun, the borrower has only a certain amount of time to pay what is owed. After this time, the title reverts to the lender. Strict foreclosure has been seen in many Oregon and California cases, usually taking place regarding land contracts.