The legal process through which lenders recover owed amounts on defaulted loans by taking ownership of mortgaged properties.
Hope Now Alliance: A Public-Private Initiative to Combat Home Foreclosures
Understanding the Surge and Collapse of Housing Prices
An understanding between a lender and a borrower allowing the latter temporary relief on mortgage payments to avoid foreclosure.
A comedic look at the public warning in mortgage land!
Understanding Other Real Estate Owned (OREO) in Banking
Understanding Real Estate Owned (REO) Properties
A guide to understanding short sales in real estate, filled with humor, wisdom, and financial insights.
A subordination agreement is a legal document that establishes debt ranking for repayment.
Voluntary Foreclosure: A Borrower's Strategic Retreat
Understanding the Abandoned Home: a Zombie Foreclosure
A Zombie Title is a hauntingly elusive concept in real estate, lurking in the shadows of foreclosure confusion.
