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Foreclosure

The process by which the holder of a mortgage sells a property after the debtor defaults on their loan for it

500 Questions

What does dismissal with prejudice mean in foreclosure case?

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Asked by Wiki User

Dismissal with prejudice in a foreclosure case means that the case has been resolved in a way that bars the plaintiff from bringing the case back to court at a later date. This usually indicates that the court has made a final decision regarding the foreclosure action, and it cannot be refiled.

What is the legal word for remove?

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Asked by Wiki User

The legal term for remove is "evict." It refers to the legal process of forcing someone to leave a property.

Which US states allow deficiency judgments?

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Asked by Wiki User

Most US states allow deficiency judgments, which allow lenders to pursue borrowers for unpaid debt remaining after a foreclosure or short sale of a property. Some states have specific laws regulating deficiency judgments, such as limitations on the amount that can be pursued or requirements for the lender to apply for the judgment within a certain timeframe. It is important to consult with a legal professional in your state to understand the specific rules and regulations regarding deficiency judgments.

What is order for possession?

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Asked by Wiki User

An order for possession is a legal document issued by a court that gives the landlord the right to take back possession of a property from a tenant. It is typically requested in cases of eviction due to non-payment of rent or breaches of the tenancy agreement. The order sets out a date by which the tenant must vacate the property, failing which the landlord can seek further legal action to enforce the order.

Has the rate of teenage pregnancies risen or dropped in the past ten years?

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Asked by Justaskalexis

The rate of teenage pregnancies has dropped in the past ten years.

What is the definition of social control?

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Asked by Wiki User

Social control means , control of individual behavior by society, and that control of social institutions should be in the interest and welfare of the whole society. Some warnings and directions of prohibited activities, are an example of social control

1- social control is an influence ,which may be exerted through various means of control like public opinion, force, public appeal, social ,religious organizations.

2- This influence should be implemented by society-there are so many groups who exercise this influence, like family, trade union church ,state, school ,neighborhood, clubs, religious groups etc.

3- The influence should be exercised for promoting the welfare and interest of the entire group.

Every society must have harmony and unity. without it no society actually could remain in existence. To maintain the society effectively ,it needs some rules and regulation. in other words behavior patters for members are essential. To obey and follow these rules and regulation society needs its implementation. There are various ways to implement such things. In other words we can say some special type of behavior is expected from members of society. Such expected or controlled behavior is called social control.

Social control means , control of individual behavior by society, and that control of social institutions should be in the interest and welfare of the whole society. Some warnings and directions of prohibited activities, are an example of social control

Social control refers to social mechanisms that regulate individual and group behavior, leading to conformity and compliances to the rules of a given society or social group. Many mechanisms of social control are cross-cultural, if only in the control mechanisms used to prevent the establishment of chaos or anomie. Some theorists, such as Emile Durkheim, refer to this form of control as regulation.

Definitions of Social Control.

When we use this word, the ideas which generally comes in mind is of police .court ,law, force, prison of force and harassment. But in sociological term it is used in broader sense. Social control has been defined by MacIver as "the way in which entire social order coheres and maintain itself-how it operates as a whole ,as a changing equilibrium."1(Society p137)

To Ogburn and Nimkoff;"the patterns of pressure which a society exerts to maintain order and established rules ."

Landis defines social control,"as a social process by which individualis made group -responsive ,and by which social organization is built and maintained." (Social Control.p.4)

Lumely expresses social control,"as the practice of putting forth directive, stimuli or wish-patterns, their accurate transmission to and adoptionby,other whethe voluntarily or in voluntarily."(Means of Socila control.p13.)

On the basis of above definition it is cleared that social control is different from concept of self control. To undrstand more this concept. there are three important things to learn.

1- social control is an influence ,which may be exerted through various means of control like public opinion, force, public appeal, social ,religious organizations.

2- This influence should be implemented by society-there are so many groups who exercise this influence, like family, trade union church ,state, school ,neighborhood, clubs, religious groups etc.

3- The influence should be exercised for promoting the welfare and interest of the entire group.

Sociologists identify two basic forms of social controls

1. Internalization of norms and values, and

2. The use of sanctions, which can be either positive (rewards) or negative (punishment).

Applications of social control theoryAccording to the propaganda model theory, the leaders of modern, corporate-dominated societies employ indoctrination as a means of social control. Theorists such as Noam Chomsky have argued that systematic bias exists in the modern media.[4] The marketing, advertising, and public relations industries have thus been said to utilize mass communications to aid the interests of certain business elites. Powerful economic and religious lobbyists have often used school systems and centralized electronic communications to influence public opinion. Democracy is restricted as the majority is not given the information necessary to make rational decisions about ethical, social, environmental, or economic issues.

In order to maintain control and regulate their subjects, authoritarian organizations and governments promulgate rules and issue decrees. However, due to a lack of popular support for enforcement, these entities may rely more on force and other severe sanctions such as censorship, expulsion and limits on political freedom. Some totalitarian governments, such as the late Soviet Union or the current North Korea, rely on the mechanisms of the police state.

Sociologists consider informal means of social control vital in maintaining public order, but also recognize the necessity of formal means as societies become more complex and for responding to emergencies. The study of social control falls primarily within the academic disciplines of anthropology, political science, and sociology.

How do you respond to court for foreclosure summons?

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Asked by Wiki User

To respond to a foreclosure summons, you typically have a limited amount of time to file a written response with the court. It is important to review the summons carefully and consider seeking legal advice to ensure you understand your rights and options. Your response should address each point raised in the summons and present any defenses you may have against the foreclosure.

Is Georgia a non recourse debt state?

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Asked by Wiki User

Yes, Georgia is a non-recourse debt state. This means that in the case of a foreclosure, the lender cannot pursue the borrower for any deficiency balance remaining after the sale of the property.

What is Social control?

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Asked by Wiki User

Social control refers to the mechanisms, strategies, and rules through which society regulates and enforces conformity to norms and values. It can be informal, such as through socialization and peer pressure, or formal, such as through laws and institutions. The goal of social control is to maintain order and cohesion within a society.

What percent of US corporate assets are invested overseas?

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Asked by Wiki User

Approximately 20-25% of US corporate assets are invested overseas. This includes investments in foreign corporations, real estate, and other assets outside of the United States.

After your house is foreclosed how long legally do you have to vacate IN CALIFORNIA?

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Asked by Wiki User

In California, after a house is foreclosed, the occupants generally have to vacate the property within three days, as per the state law. It's important to check with a legal professional to understand the specific eviction procedures and timelines in your situation.

What is the process for emancipation in Florida?

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Asked by Wiki User

In Florida, to seek emancipation, a minor must be at least 16 years old, living separately from their parents or guardians, and demonstrate financial self-sufficiency. The minor must file a petition with the court, provide reasons for seeking emancipation, and attend a court hearing. If granted, the minor will be legally recognized as an adult.

How do you collect a Civil Court judgment if the defendant declared bankruptcy?

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Asked by Wiki User

If the defendant declared bankruptcy, you may need to file a claim with the bankruptcy court to try and recover the debt owed to you. However, your ability to collect on the judgment may be limited depending on the type of bankruptcy and the specific circumstances of the case. It's advisable to seek legal counsel to understand your options and rights in this situation.

How can the homestead exemption help against foreclosure in a possible Chapter 13 dismissal?

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Asked by Wiki User

The homestead exemption can protect your home equity in Chapter 13 bankruptcy from being used to pay off creditors. If the Chapter 13 case is dismissed, the homestead exemption may still provide some protection against foreclosure by allowing you to keep a certain amount of equity in your home. However, without the structure of the Chapter 13 repayment plan, you may still be at risk of foreclosure if you are unable to catch up on missed mortgage payments.

How long after foreclosure sale of a home to trustee do you have to vacate premises in California?

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Asked by Wiki User

In California, after a foreclosure sale, the new property owner can typically initiate eviction proceedings to remove the previous homeowner from the property. This process can take several weeks to a few months, depending on the specific circumstances and the court's schedule. It's essential to consult with a legal professional to understand the eviction timeline and your rights as a tenant or former homeowner.

If you received a dismissal with prejudice on a chapter 13 with a one-year bar can you get around this in order to stop a foreclosure?

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Asked by Wiki User

It is difficult to get around a dismissal with prejudice and one-year bar in a Chapter 13 case. However, you may be able to explore other legal options or file a new bankruptcy case under different circumstances to try and stop the foreclosure. Consulting with a bankruptcy attorney would be advisable to assess your specific situation and explore all available options.

How long do you have left on the property after foreclosure after receiving a letter from an attorney stating the property has been purchased and you had 3 days to vacate does letter serve as eviction?

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Asked by Wiki User

In many states, after a foreclosure sale, the new owner may start eviction proceedings if the former owner doesn't vacate. The letter from the attorney might serve as a notice to vacate before formal eviction proceedings begin, but the exact timeline can vary by state and local laws. It's important to seek legal advice to understand your rights and obligations in this situation.

If you have a judgment against you and don't pay can you go to prison?

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Asked by Wiki User

Failing to pay a judgment typically won't result in imprisonment in civil cases. Instead, the creditor can pursue other legal avenues to collect the debt, such as seizing assets or garnishing wages. However, in some cases, a debtor could face contempt of court charges if they willfully disobey a court order, which may result in fines or, in extreme cases, imprisonment.

What is the difference between a repossession and a writ of replevin?

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Asked by Wiki User

A repossession is the act of taking back property due to a default on loan payments, typically carried out by the lender. A writ of replevin is a legal document that allows a person to recover possession of property wrongfully taken, without payment, before a final judgment is issued. Essentially, a repossession involves reclaiming property due to a breach of contract, while a writ of replevin is a legal remedy to recover wrongfully taken property.

Were The Incas homes built into mountains?

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Asked by Wiki User

Yes, the Inca civilization built homes and structures, such as Machu Picchu, into the mountains of the Andes. They used advanced building techniques to fit their architecture harmoniously into the natural landscape, making use of the terrain for support and defense.

If you are a retired and a disabled veteran that has used your VA and had a foreclosure can you still apply for a VA loan or assume the VA loan of someone that couldn't afford it?

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Asked by Wiki User

Yes, as a retired and disabled veteran, you may still be eligible to apply for a VA loan or assume the VA loan of someone who is unable to afford it. However, the approval will be subject to meeting the VA's eligibility criteria and lender requirements. It is advisable to contact the nearest VA office or a VA-approved lender for specific guidance based on your situation.

How long does deragatory info stay on credit report?

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Asked by Wiki User

Derogatory information can stay on a credit report for up to seven years. This includes late payments, charge-offs, and collection accounts. Bankruptcies can stay on a credit report for up to 10 years.

In what countries is spanish spoken other than Spain and all those countries south of the US?

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Asked by Wiki User

Spanish is spoken in various countries outside of Spain and those in Latin America. Some examples include Equatorial Guinea in Africa, the Philippines in Asia, and parts of the Caribbean such as Cuba, Puerto Rico, and the Dominican Republic. Additionally, Spanish is spoken in pockets of the United States where there are significant Hispanic populations.

What is the function of a broker in the purchase of a house?

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Asked by Wiki User

A broker plays a crucial role in the purchase of a house, acting as an intermediary between the buyer and the seller. The primary functions of a broker in the home-buying process include:

Market Expertise:

Brokers have a deep understanding of the local real estate market, including property values, neighborhood trends, and market conditions. This expertise helps buyers make informed decisions.

Property Search:

Brokers assist buyers in identifying properties that align with their preferences, budget, and requirements. They often have access to a wide range of listings, saving buyers time and effort.

Negotiation:

Brokers are skilled negotiators who work on behalf of the buyer to secure the best possible deal. They negotiate with sellers, handle counteroffers, and strive to achieve favorable terms for the buyer.

Transaction Management:

Brokers oversee the entire purchase process, managing paperwork, deadlines, and coordination with other parties involved, such as inspectors, appraisers, and title companies.

Legal Guidance:

Brokers provide valuable legal guidance, explaining contracts, disclosures, and any legal implications associated with the home purchase. They ensure that the buyer understands and complies with all legal requirements.

Financial Advice:

Brokers offer financial insights, helping buyers understand their mortgage options, interest rates, and the overall cost of homeownership. They may connect buyers with mortgage lenders and guide them through the financing process.

Access to Resources:

Brokers have access to a network of real estate professionals, including inspectors, contractors, and attorneys. They can recommend reliable professionals to help buyers complete the necessary due diligence.

Problem Resolution:

In the event of challenges or issues during the transaction, brokers work to resolve problems efficiently. Their experience allows them to navigate potential obstacles and find solutions.

Client Advocacy:

Brokers prioritize the interests of their clients, advocating for the buyer throughout the entire process. They strive to protect the buyer's financial and legal interests.

Guidance Through Closing:

Brokers guide buyers through the closing process, ensuring all necessary documentation is in order. They facilitate a smooth closing and transfer of ownership.

What is the meaning of reinstatement?

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Asked by Wiki User

Reinstatement simply means getting your coverage back to active. Most policies cancel when payments are not received on a timely manner, causing a policy to cancel (no coverage). Once payment is received, a company will usually reinstate a policy, sometimes without lapse (depending on how many days the polilcy has been cancelled).