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forclosure redeemed means that in the process of the mtg company forclosing on a property, the property owner was able to pay off the full amount due, therefore stoping the forclosure process

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What is the meaning of good through date for foreclosure?

It means that the offer is good until the foreclosure date. This means that the offer cannot be redeemed after that date.


What does it mean when a condo is in a foreclosure?

When a condo is in foreclosure it means that a lender is trying to recover funds from a borrower who has defaulted on their loan. The lender claims possession of the property to satisfy the debt.


What does the term foreclosure mean?

The term foreclosure means that when a loan is not paid on time, the lender has the authority to take action on the collateral assets the borrower listed to secure the loan.


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.


What does it mean Foreclosure hold state?

Foreclosure Hold State signifies the ability to place a foreclosure action on hold. Meaning if there is a typical borrower forebearance review, litigation/contested action, the foreclosure is placed on hold to allow time for forebearance or contested action to be reviewed. Saves both borrower (if attempting to reinstate/payoff loan) and Servicer, with avoidance of fees/costs accumulating due to foreclosure actions.

Related Questions

What is the meaning of good through date for foreclosure?

It means that the offer is good until the foreclosure date. This means that the offer cannot be redeemed after that date.


What does redeemed mean on a gift card?

A gift card has a certain amount of cash on it, and when that cash is used, it is 'redeemed'.


What does 'case disposed' mean in regard to a foreclosure case?

It means that the legal aspect of the foreclosure has been finished.


What does dismissed without prejudice mean when you are in foreclosure?

dimiss the foreclosure action without prejudice and release the lis pendens! what does this means please!


Is my 401k and IRA protected from foreclosure?

If by "foreclosure" you mean that the mortgage lender is taking your home back, yes they are prtected. However, if you really mean BANKRUPTCY, no, they are NOT protected, since they are assets you can use to reimburse your creditors.


How do you say redeemed in Hebrew?

redeemed = neekneh


What actors and actresses appeared in Redeemed - 2008?

The cast of Redeemed - 2008 includes: Cindy Birch as Redeemed


What is a foreclosure dismissal?

Foreclosure dismissal is a simple foreclosure challenge that can be filed to the foreclosure complaint even without an attorney.Added: A foreclosure dismissal is a court order dismissing a foreclosure action.


What does order to docket mean in court?

Is the initial documents filed with courts to initiate a foreclosure in Maryland. It's equivalent to a Notice of Default which too is filed to initial foreclosure.


What does it mean when a condo is in a foreclosure?

When a condo is in foreclosure it means that a lender is trying to recover funds from a borrower who has defaulted on their loan. The lender claims possession of the property to satisfy the debt.


What does 'writ' mean?

Writ stayed means that the court has decided to discontinue a specific action. In foreclosure proceedings writ stayed means the court has stopped the foreclosure process.


What does the term foreclosure mean?

The term foreclosure means that when a loan is not paid on time, the lender has the authority to take action on the collateral assets the borrower listed to secure the loan.