Categories
Glossary

VOID foreclosure

VOID | having no legal force or binding effect. Incurable.

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Locations

Odessa Texas 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
Glossary

VALID foreclosure

VALID | a condition that is legally sufficient; that will be upheld by the courts.

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Locations

Palm Bay Florida foreclosure

Question: When do foreclosure proceedings start? – Answer: In most cases, foreclosure proceedings are started when payments become delinquent.

Categories
Glossary

UNLAWFUL DETAINER ACTION (eviction) foreclosure

UNLAWFUL DETAINER ACTION (eviction) | a legal action to remove someone who has unjustly retained possession of real property after one’s right to possess has terminated.

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Locations

Antioch California 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
Glossary

TS138 foreclosure

TS138 | See “Transmittal Form.”

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Locations

Wichita Falls Texas 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
Glossary

TRUSTOR foreclosure

TRUSTOR | the borrower (or property owner) at the time the deed of trust was created. Trustor is often used to refer to the current owner.

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Locations

Davenport Iowa 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.