In today’s economy, there are many residential and commercial real estate properties that are in foreclosure. The phrase “in foreclosure” is a general phrase which typically means that a borrower is about to lose his property to the lender through a nonjudicial foreclosure. A nonjudicial foreclosure is a mechanism allowed by Utah statute whereby title [...]
Continue reading about Rights and Remedies in Foreclosure – The Borrower’s Perspective
Lenders come in all shapes and sizes. When parties want to borrow money to buy and/or develop real property, they can borrow from a variety of financial institutions, or they can see if the seller of the property will “carry the note” – that is, take payments over time. Property sellers become lenders the moment [...]
Continue reading about Rights and Remedies in Foreclosure Matters – The Lender’s Perspective
Two companies have been ordered by the U.S. District Court for the District of New Jersey to stop falsely advertising that they are part of a government-endorsed mortgage assistance network and that they successfully modify mortgages for almost all of their clients or else give refunds. According to the Federal Trade Commission, these companies, New Hope Modifications and [...]
Continue reading about Don’t Be a Victim of Foreclosure Fraud, FTC Warns
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