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Facts - Books - News    U.S. Facts Of Law:


Real Estate Foreclosure

 Real estate foreclosure is the process of repossessing a piece of real property such as a home.  It is a legal process used by the mortgage holder when the owner of the property is in arrears on the mortgage payments.

In strict foreclosure the mortgage holder takes title and possession of the real estate foreclosed in satisfaction of the mortgage loan.

Most states require a different type of real estate foreclosure process.  In a more common type of foreclosure instead of reverting to the ownership of the mortgage holder, the property is auctioned by the county sheriff or court officer.  Often the mortgage holder will place a bid at the amount of the remaining mortgage to insure that the property is not sold for an amount less than is still owed on the mortgage.  Should other bidders bid the price higher than the amount of the remaining loan, the party foreclosed upon receives the equity portion of the winning bid after foreclosure expenses.  This discourages the mortgage holder from forcing a real estate foreclosure for the purpose of grabbing an owner's equity.

 

Real Estate Foreclosure Best Sellers from Amazon.com

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Real Estate Foreclosure News
GN News

Fourth Foreclosure Sale Canceled For Palm Beach Oceanside House Palm Beach D...
Palm Beach Daily News Fourth foreclosure sale canceled for Palm Beach oceanside house Palm Beach Daily News An Aug. 21 foreclosure sale of developer Robert V. Matthews39 oceanfront mansion at 101 Casa Bendita was canceled at to accommodate an appeal of a circuit court order related to the case. Photo by Brian Lee, courtesy WoollyMammothPhoto.com.

King Of Diamonds Miami Strip Club Sued For Foreclosure Miami Miami New Times
Miami New Times King of Diamonds Miami Strip Club Sued for Foreclosure Miami Miami New Times King of Diamonds39 landlords allegedly defaulted on a 5.3 million mortgage. King of Diamonds landlord sued for foreclosure Miami HeraldMiami Herald all 2 news articles raquo

Is Lake District Down To Its Last Swing Mixeduse Development Seems To Be Teet...
The Commercial Appeal Is Lake District down to its last swing Mixed use development seems to be teetering The Commercial Appeal Yehuda Netanel channels Kevin Bacon from quotAnimal Housequot when people question whether his development plans are in jeopardy, basically telling doubters quotRemain Calm. All is Well.quot But the latest twist in the plan for the Lake District mixed use

Foreclosure: Kelly J Wensloff East Grand Forks Exponent
Foreclosure: Kelly J Wensloff East Grand Forks Exponent NOTICE OF MORTGAGE FORECLOSURE SALE THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. NOTICE IS HEREBY GIVEN, that

Judge Throws Out 458000 Condo Sale, Says Clearwater Attorney Tricked Bidders ...
Tampabay.com Judge throws out 458000 condo sale, says Clearwater attorney tricked bidders Tampabay.com CLEARWATER Pinellas County Circuit Judge Jack St. Arnold on Monday threw out the 458,100 sale of a gulf front condo because of what he called an quotunscrupulousquot and quotconnivingquot scheme to trick bidders at a foreclosure auction.

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Facts of Law explaining the foreclosure process

Facts of Law - Foreclosure