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 ?
Springfield currently has 391 foreclosed homes, while Eugene has 475, according to a HUD estimate.
Where the foreclosing mortgagee fails to name a necessary party, that party is unaffected by the Judgement of Foreclosure and retains its rights with respect to the foreclosed property.
Because of the tax law's prohibition against deducting personal losses, much of the discussion from the mortgagor's standpoint assumes the property reconveyed, foreclosed or abandoned is income-producing.
Just seven business days after launch, RebuildUS, LLC has sold through 95 percent of its original inventory of formerly foreclosed homes.
According to Reuters, Bank of America Corp (NYSE: BAC) has announced a plan to go ahead with its second round of bulk sales of foreclosed homes.
Under the city's Vacant and Foreclosing Property Ordinance, the owner of a vacant and foreclosed property is required to register it with the city and post a $5,000 bond.
More proof has rolled in that foreclosed property sales are making up a steadily growing percentage of the U.
com)-- A new opinion poll shows that Americans are divided about helping those at risk of being foreclosed even though they may have gotten there through no fault of their own.
First Federal Bank foreclosed on the property in January for $150,000.
This borrower apparently got in over his head, owing Fannie Mae--which either bought or insured the loan--$220,000 before it foreclosed on the property last year.
9 to assist residents living in foreclosed single-family-owned rental properties.
com data also indicated that investors moved quickly to purchase foreclosed properties, with more than 25,000 foreclosed homes being sold in April.