Tenant at sufferance | A person who after rightfully being in possession of a rented premises continues to live in that premises after his right has terminated.
Categories
Author: adminnfc
Categories
Hartford Connecticut foreclosure
What is non-judicial foreclosure? – Commonly called “power of sale”, this allows a lender to foreclose without a lawsuit, which is permitted by most states. Instead of a mortgage, the grantor (“borrower”) gives a “deed of trust” to the trustee to hold for the lender (“beneficiary”). When the grantor defaults, the lender files a notice of default and a notice of sale, published in the newspaper. This process takes only 90 days.
Categories
Tenant foreclosure
Tenant | A person in possession of real property with the owner’s permission.
Categories
Topeka Kansas foreclosure
What is judicial foreclosure? – Used in about half of the states in America, a lender (“mortgagee”) brings a lawsuit against the borrower (“mortgagor”) to get the property. About half of the states use judicial foreclosure. Like all lawsuits, it starts with a complaint and summons to the borrower. When in judicial foreclosure, what happens if the borrower doesn
Categories
Tax Lien foreclosure
Tax Lien | A lien on real estate in favor of a state or local government that may be foreclosed on for the non-payment of taxes.
Categories
Clarksville Tennessee foreclosure
What is a foreclosure? – A foreclosure is a legal process where the bank or other creditor takes control of the collateral for a promissory note in default. This collateral is a parcel of real property, and the lender either sells or repossess this property. The process is slightly different from state to state, but there are basically two types of foreclosure, judicial and non-judicial. The type of foreclosure depends on the state. In a mortgage state, the foreclosure used will be a judicial foreclosure and in a deed of trust state, non-judicial foreclosure is used. Florida is a mortgage state, therefore judicial foreclosure will be used. We
Categories
Tax Deed foreclosure
Tax Deed | A type of deed used to convey title after real property is sold at auction by public authority for non-payment of taxes.
Categories
Survey foreclosure
Survey | The process by which a parcel of land is measured and its boundaries and contents set forth.
Categories
West Valley City Utah foreclosure
What is
Categories
Subject To foreclosure
Subject To | The transfer of rights to pay a debt from one party to another, with the original party remaining liable for the debt if the second party defaults.