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What is a consent judgment in a foreclosure?
A consent judgment in a foreclosure is whereby a borrower with a pending foreclosure agrees to get into a judgment for foreclosure. This will not require further legal representation.
What does 'case disposed' mean in regard to a foreclosure case?
It means that the legal aspect of the foreclosure has been finished.
Is a sheriff sale a part of a legal foreclosure action?
Yes, it is basically the final step in a foreclosure breore the new paperwork is signed.
What if you win lottery and stop paying mortgage?
The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.
What is the foreclosure procedure in Florida?
The entire legal procedure for foreclosure is too long to reproduce here. You can review the procedure for Florida at the link below.
How do you stop foreclosure?
To stop a foreclosure you will required lots of paper work and time to follow the case. Since it dealing with complicated paper work, it is best to reach out to a Foreclosure Attorney for full legal advise.
If my credit score was 750 after a foreclosure why is it?
Either the foreclosure is not reporting for some reason, or you were not on the loan. Many married couples share an ownership interest in the house but do not share legal liability for the mortgage. Immediately after a foreclosure is reported you should not have a 750 score.
Will your tenant be notified to move after foreclosure?
Under the Federal Protection for Tenants in Foreclosure Act, passed in 2009, the buyer at foreclosure must give the tenants 90 days to relocate. After that, in most states, the buyer must pursue a legal eviction.
What its the best description of foreclosure?
it ends all legal rights of a homeowner if mortgage payments are not made.
What term is defined as a legal process in which mortgaged is sold to pay the loan of the defaulting borrower?
Foreclosure
What is a "foreclosure"?
The legal process by which a lender terminates the owner's right to a property that was pledged as security for a debt.
What does bond approved mean on a foreclosure?
"Bond approved" on a foreclosure indicates that a court has authorized a bond, which is a financial guarantee, typically required to proceed with the foreclosure process. This bond serves to protect the interests of the parties involved, ensuring that any claims or damages arising from the foreclosure can be compensated. It often signifies that the foreclosure is moving forward and that the necessary legal and financial requirements have been met.
