Alienation | The transfer of property from one person to another. Alienation may be voluntary, such as by gift or sale, or involuntary, as through eminent domain or adverse possession.
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Tampa Florida 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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Agreement of Sale foreclosure
Agreement of Sale | Also known as an agreement to convey. A signed, written contract entered into between the seller (vendor) and buyer (vendee) for sale of real property (land) under certain specific terms and conditions.
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New Orleans Louisiana 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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Agent foreclosure
Agent | A licensed representative of the state to conduct real estate transactions.
Adjustable Rate Mortgage (Arm) | A loan with an interest rate that fluctuates based on a specified financial index, such as Treasury securities, or the 11th District Cost of Funds, etc.
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St. Louis Missouri 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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Addendum foreclosure
Addendum | Any addition or change to a contract.
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Wichita Kansas 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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Accrued foreclosure
Accrued | On a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property.