Defendant | The person who defends against a claim asserted in a Court action.
Categories
Author: adminnfc
Categories
Augusta Georgia foreclosure
Question: Who can foreclose on my property? – Answer: Mortgage holders and other lien holders who have a vested interest in loans on your property, which is used as collateral, can foreclose on you.
Categories
Defeasance Clause foreclosure
Defeasance Clause | A clause used in leases and mortgages that cancels a specified right upon the occurrence of a certain condition, such as cancellation of a mortgage upon repayment of the mortgage loan.
Categories
Glendale California foreclosure
Question: When do foreclosure proceedings start? – Answer: In most cases, foreclosure proceedings are started when payments become delinquent.
Categories
Default foreclosure
Default | The failure to make payments in full, on time or at all or to live up to any other obligations placed on the borrower by the loan agreement.
Categories
Fayetteville North Carolina foreclosure
Question: What is foreclosure? – Foreclosure is a legal process in which the rights to a property is taken away from the owner and the property is then sold to satisfy unpaid mortgages and liens against the property.
Categories
Deed of Trust (Trust Deed) foreclosure
Deed of Trust (Trust Deed) | A three party security instrument conveying the legal title to real property as security for the repayment of a loan. The owner is called the “trustor”. The neutral third party to whom the bare legal title is conveyed (and who is called on to liquidate the property if need be) is the “trustee”. The lender is the “beneficiary”. When the loan is paid off the trustee is directed by the beneficiary to issue a deed of reconveyance to the trustor, which extinguishes the trust deed lien.
Categories
San Bernardino California foreclosure
Question: What about tax liens? – Answer: A tax sale can take place if you get behind on your property taxes. The tax sale can be initiated by federal, state or local taxing agencies.
Categories
Deed of Reconveyance foreclosure
Deed of Reconveyance | A instrument that releases and discharges a deed of trust, when the mortgage has been paid out.
Categories
Shreveport Louisiana foreclosure
Question: If I lose my property through foreclosure, can I get any money from the foreclosure sale? – Answer: Yes. But first, any remaining balance on the mortgage will be paid along with all outstanding property taxes and court fees. In most cases, very little, if any money, will be left for you to get.