TRUSTEE’S SALE PROCEEDING (foreclosure) | the term used to describe the non-judicial procedure followed by the trustee in enforcing a creditor’s rights when a debt secured on real property is in default.
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Wilmington North Carolina foreclosure
Question: If I file bankruptcy, how will that help me? – Answer: Bankruptcy will stop the foreclosure proceedings and give you time to work out a plan through the courts.
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TRUSTEE’S SALE GUARANTEE foreclosure
TRUSTEE’S SALE GUARANTEE | A Title report given to the present trustee when a trustee’s sale proceeding has been initiated. This report provides the names of the current owner, all liens and encumbrances recorded and other information pertinent to the foreclosure process. The information is insured to be correct by the title company.
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TRUSTEE’S SALE foreclosure
TRUSTEE’S SALE | the public auction of the real property, described in the deed of trust, to satisfy the unpaid obligation.
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Green Bay Wisconsin foreclosure
Question: How will I know when the foreclosure process begins? – Answer: Once foreclosure proceedings are initiated, a Notice of Default will be recorded at the County Recorders Office in the county in which the property is located and you will be notified by regular mail and by certified mail.
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TRUSTEE’S DEED UPON SALE foreclosure
TRUSTEE’S DEED UPON SALE | a written document which is prepared and signed by the trustee when the secured property is sold at a trustee’s sale. This document transfers ownership to the successful bidder at the sale; must be recorded with the county recorder in the county in which the property is located.
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Daly City California foreclosure
Question: How much time is given to vacate the property once the foreclosure process is completed? – Remember, once the Trustee’s sale is complete, the title to the property is given to the new owner and your rights to the property are gone and the new owner gets immediate possession. Note: Foreclosure is a serious matter and it is advisable to contact an attorney for legal advice.
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TRANSMITTAL FORM (TS138) foreclosure
TRANSMITTAL FORM (TS138) | this is the “Request to Prepare Notice of Default” transmittal form which is completed by the lender and forwarded to T.D. Service Company together with the note, deed of trust, assignments and other necessary loan documents. This form sets forth all pertinent information to enable us to prepare the default documents.
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Gresham Oregon foreclosure
Question: How much time do I have after a Notice of Default is filed? – Answer: Normally, it is ninety days plus twenty to twenty five days for publication. But it would be wise to read all correspondence carefully, and or contact an attorney, to make sure what your rights are and what the time frame is in your situation.
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Columbia Missouri foreclosure
Question: How many payments can I miss before my lender puts my property in foreclosure? – Answer: It depends on what type of loan you have. Your mortgage contract should state how many payment you can miss before a Notice of Default is filed and sent to you.