foreclosure learning center articles
What is a Foreclosure?
A foreclosure is a legal process in which legal action is taken by a lender when the terms of the mortgage or trust deed are not met and the borrower is in default. A borrower is in default when the repayment terms stipulated in the trust deed or mortgage are not fulfilled.
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The Foreclosure Process: A Brief Synopsis
When a person obtains a loan to purchase a home, two important documents are signed. The first is a note, which describes the obligation to repay the loan; the second is a mortgage or deed of trust contract, depending on State law, which gives the lender
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Foreclosure FAQs
ForeclosedHomes.com has assembled answers to all of your frequently asked foreclosure questions.
What is a foreclosure?
A foreclosure is a legal process in which ….
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How to Finance Foreclosure Properties
Foreclosure properties, REOs (Real Estate Owned) - property owned by banks and other lenders - and pre-foreclosures all represent great investment opportunities for buyers. For those seeking bargain homes foreclosures are the most popular source of affordable deals, because they often sell at or below wholesale prices.
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Foreclosure Glossary
Foreclosedhomes.com has created a detailed glossary of foreclosure terms with clear definitions to help you gain a deeper understanding of the foreclosure process. To get started select the appropriate letter for a listing of all glossary terms that begin with that letter. Then, locate the word you are looking for.
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Home Loans - Can They Directly Affect a Foreclosure
Less than 25 percent of mortgage defaults during the rise in foreclosures are being blamed on a loss of jobs and other factors traditionally related to economic recession. Instead, most foreclosures are the direct result of exotic, high-risk loans, homeowner equity withdrawals, and adjustable rate mortgage
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A Closer Look at Foreclosure Listing Sources
Motivational speaker and self-help author, Jim Rohn coined the phrase, “Work Smarter, Not Harder”. This phrase could serve as a mantra for many things in life, but it is definitely true for foreclosure investing, particularly when it comes to searching for just the right foreclosure.
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Searching for Investment Property Opportunities
After establishing your investment strategy and getting a firm handle on your local market conditions and current real estate trends, you are probably more than ready (and a little anxious) to start searching for invest property opportunities. Luckily, you will discover that there are several possible avenues
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Risks Associated with Buying a Foreclosure
Buying a foreclosure home either as a personal residence or for real estate investing purposes has several advantages. One of the largest benefits of purchasing a foreclosure is the potential savings and profit a buyer can enjoy when presented with the right opportunity.
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Should You Sell Early to Avoid Foreclosure?
The volume of foreclosures in the U.S. has climbed to the highest level in recent history, and seems poised to continue growing at an alarming rate. Experts recommend the so-called “short sale” as one weapon in the homeowner arsenal that might help prevent a full-blown foreclosure.
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