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Mortgage Professor about foreclosure borrower property parcel payments: | |||||||||||||||||||||||
Options When Equity in Your Home Is Gone
April 23, 1999 I have been transferred and need to sell my home. The market has gone down and I owe more than the home is worth. Is there any relief available to allow me to avoid paying the difference to the lender at the time ... more... Mortgage Payment Problems: What If You Can't Pay? April 21, 2003 "I lost my job and have been making my mortgage payment from savings. At some point, I will run out of savings. What should I do? Some variant of this letter is appearing in my mailbox with ... more... |
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foreclosure borrower property parcel payments related definitions |
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Owner Occupied Property
Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more... Sheriff Sale Sheriff Sale The sheriff's sale is a public auction held at the courthouse door, and anyone can bid on the property. The property is sold to the highest bidder and the proceeds are used to pay for the costs of the sale and to pay off the mortgage. A deed given at the ... more... |
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More about foreclosure borrower property parcel payments Bank Foreclosures a Profitable Investment? The 'Truth' About Real Estate Preforeclosure Profits Tips for Stopping Foreclosure Real Estate Investing Foreclosures Stop Foreclosure: Protect Your Credit and Keep Your Home Foreclosure Buying Country Acreage and Rural Properties, To Buy or Not To Buy Secrets of Making Money from Real Estate - Part 4 10 Frequently Asked Short Sale Questions The Ultimate Short Sale Secret
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