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Mortgage Professor about sheriff sale strategy: | |||||||||||||||||||||||
The Fully Amortizing Mortgage and Savings Discipline
February 7, 2005 ?The equity from sale of our old house will cover the first 6 months of payments on the new one. To avoid spending this money, we plan to make 6 payments immediately, then we have 6 months to save enough from our current income to repeat the process. Is this ... more... Is There a Yield on a Shorter Mortgage Term? December 20, 1999 "Your recent column suggested that a larger down payment can be viewed as an investment yielding a return. This made me wonder whether you can view a shorter term mortgage in the same way?" Indeed ... more... |
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sheriff sale strategy related definitions |
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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... Tax Sale Tax Sale Property on which current county taxes have not been paid is "sold to the state." At this stage no actual sale takes place - the title is transferred to the state and the owner may redeem it by paying taxes, penalties and costs. If it has not been redeemed ... more... |
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