foreclosure


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foreclosure

The depriving of the right to a property by legal transfer of title, esp. because of failure to maintain mortgage payments.
References in periodicals archive ?
The threshold issue in a voluntary reconveyance, foreclosure or abandonment is determining whether a taxable event has occurred.
Despite the efforts to stem foreclosures by government and many banks, the hopeful signs of the last quarter of 2008 and January didn't follow through in February," says Alexis McGee, foreclosure expert, educator, and author.
Foreclosure statistics in the boroughs varied widely year-over-year.
While many homeowners who receive a recorded mortgage default notice don't know what to do, real estate agents are now seeking advanced training on how to help homeowners avoid foreclosure by listing the "upside-down" property for sale and negotiating a discount or a short payoff on the mortgage with the lenders.
foreclosure numbers climbed steadily over the course of the year, with more new foreclosures reported in every quarter," said James J.
Foreclosure activity in the Los Angeles area has been tracking at historical lows for several years, he said.
7 begins discussion of the in-substance foreclosure issue by indicating a creditor should determine if an in-substance foreclosure has occurred when it is probable the creditor will not receive all the promised payments on the collateralized loan.
Foreclosure Index and comprehensive analysis of pre-foreclosure and foreclosure proceedings nationwide on the number of formal notices filed against a property during the foreclosure process.
States with the smallest increases in foreclosure volume included Rhode Island (eight active and pending foreclosures; two new foreclosures), Vermont (26 active and pending foreclosures; six new foreclosures), Hawaii (29 active and pending foreclosures; 10 new foreclosures), New Hampshire (47 active and pending foreclosures; 14 new foreclosures) and Alaska (61 active and pending foreclosures; 19 new foreclosures).
That will squeeze homeowners with money problems even more, and foreclosure activity will increase again,'' she said.
This lease was executed long before the foreclosure action and although it was a term of 15 years, it was not recorded.
com, a national leader in foreclosure and property information.