Upset price | The opening bid amount that begins the auction bidding during a foreclosure sale.
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Abilene Texas foreclosure
Q2: How can I buy an auction property? – Answer: After a property owner misses several mortgage payments, the owner has a pre-foreclosure grace period of a few weeks to a few months — depending on the state — to bring the payments up to date and stop any foreclosure proceedings. If the owner does not bring the delinquent payments up to date during the pre-foreclosure period, the property will be sold at a public auction.
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Unsecured debt foreclosure
Unsecured debt | Debt not secured by collateral.
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Thornton Colorado foreclosure
Q10: How do I find the market value for a home? – Answer: For subscribers, RealtyTrac provides Estimated Property Market Values on the Property Details page of property posted on RealtyTrac. The Property Details page also includes tax lien and bankruptcy information. Register for a 7-day free trial subscription to get full access to RealtyTrac’s property data and services. If you’re not a subscriber, you can order an automated valuation report from RealtyTrac to find the market value of a property. Go to our Property Reports Matrix to view samples and order reports that will help you research market value and transaction history. Market value is an estimate of what the property will sell for on the current real estate market. Keep in mind, when determining the final offer you want to make on the property, you will need to balance the market value with any liens against the property and estimated repairs. Subscribers can use RealtyTrac’s Xamine Worksheet to calculate a property’s potential bargain based on market value, outstanding liens and repair costs. Subscribers can also use Xamine to check if a property is listed with a real estate agent. On any Property Details page, click What’s Next>Evaluate The Property, which is located in the upper right corner. If you work with a real estate agent (which is recommended for first-time foreclosure buyers), the agent can provide professional advice on the value of the property and how much you should offer. Contact an Agent to find a local real estate agent in the RealtyTrac Agent Network who can help you buy a property.
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Undivided Interest foreclosure
Undivided Interest | Ownership of real estate by joint tenants under the same title.
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Springfield Illinois foreclosure
Q1: If the property is in pre-foreclosure, how do I buy before foreclosure? – Answer: When a property is in pre-foreclosure (NOD, LIS), the owner still has a chance to stop the foreclosure process by paying off what is owed or by selling the property. The pre-foreclosure period can last several months, so you may need to be patient when trying to contact the owner in default.
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Trustee’s Sale foreclosure
Trustee’s Sale | An auction where a trustee may sell a property that has defaulted in effort to pay the outstanding debt that is owed. Uniform Commercial Code; uniform laws drafted by the National Conference of Commissioners on Uniform State Laws governing commercial transactions.
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Killeen Texas foreclosure
Q: Who do I turn to? – A: You can talk to your mortgage lender about your options with payments adjustments, another loan, etc. If you decide to sell the house, there are always local investors who can help you get your feet back on the ground. If you decide to sell your home make sure you are getting help from credible sources and of course don’t ever sign anything before reading it.
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Trustee’s Deed foreclosure
Trustee’s Deed | A deed given to the successful high bidder after a foreclosure auction.
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Provo Utah foreclosure
Q: What is refinancing and how can it help me out of foreclosure? – A: By refinancing you are essentially taking another loan. The new loan is based off a new appraisal of your property. One benefits of refinancing is that you can sometimes get a lower interest rate, in turn, decreasing your monthly mortgage rate. However, refinancing is not for everyone. It can also put you at higher risk for foreclosure depending on a number of factors. Really do some research and talk to someone who can advise you well on this option.