foreclosure sale


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foreclosure sale

The optional right of the mortgagee to resort to the sale of the mortgaged property in the event of default in mortgage payments, and to apply the net proceeds realized from its disposition to the unpaid debt.
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References in periodicals archive ?
Bank takes title to the property after a $635,000 foreclosure sale. July 9: U.S.
On this Court entered a Summary Final Judgment of Foreclosure pursuant to which a foreclosure sale was scheduled for , 20 .
Instead, if the foreclosure sale violated the provisions of the deed of trust, she would likely need to bring a breach of contract claim against defendant for breaching the terms of the deed of trust.
Recovered from John David Lindsey as part of a $1.2 million foreclosure sale in August 2010.
A 15-unit apartment project in Jacksonville is under new ownership after a $315,002 foreclosure sale.
They argued the trial court incorrectly found the third property sold for its true market value because the written appraisal of Bank of America's expert exceeded the amount paid by Bank of America at the foreclosure sale.
Appellants also argued that it was bad faith indicating a lack of regularity in the sale that Buckhead did not have an appraisal done before the foreclosure sale. The court of appeals stated that having an appraisal before the sale may show good faith but the converse is not true.
We show separately distressed pairs with a current foreclosure sale and those with a prior foreclosure sale.
When property sold at a foreclosure sale for less than twenty percent of the value claimed by the borrower, the Court of Appeals of Kentucky found that the auction price was more relevant on true market value.
A Judgement of Foreclosure was secured by Greenberg, and thereafter the Referee appointed by the Court conducted a foreclosure sale at which Greenberg was the successful bidder.
Hot Springs Lake House: Metropolitan National Bank of Little Rock took possession of the 3,941-SF house at a $400,000 foreclosure sale on March 28.