When a homeowner is facing foreclosure, they are bound to hear lots of words that are quite difficult to comprehend. A big reason for this is that foreclosure real estate has its own language thanks in part to legislation and law. With no background in this area, real estate investors are unable to get through [...]
Posts Tagged ‘Foreclosure’
Understanding The Foreclosure Language: Words and Definitions Homeowners and Investors Need To Know
December 31st, 2009 
Admin 
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Tags: Abandonment, Acceleration Clause, Chattel, Coercion, Debtor, Debtors, Deed In Lieu, Deed In Lieu Of Foreclosure, Definitions, Facing Foreclosure, Foreclosure, Foreclosure Process, Foreclosure Property, Foreclosure Real Estate, Homeowners, Household Items, Investors, Know, Language, Language Words, Mortgage Contracts, Need, Personal Property, Property Owner, Property Owners, Real Estate Investor, Real Estate Investors, Understanding, Words 
No Comments »What is a 1099-c Form and How Does it Relate to a Foreclosure?
December 28th, 2009 Admin Historically when a homeowner goes into foreclosure and the only resolution is the lender getting back a deed, this likely results in a deficiency between the amounts owed from the final judgment when the property is eventually sold. This “deficient” amount can be handled by the lender in two different ways. The lender can [...]
Posted in Articles Tags: 10 Years, 1099c, Assets, Attitude, Deficiency Judgment, Deficiency Judgments, Eviction, Final Judgment, Foreclosure, Form, Form 1099, Garnishment, Irs Form, Legislation, Lenders, Mortgage Payments, Personal Residence, President Bush, Relate, Target, Taxable Income, Turnip, Two Different Ways No Comments »What to look for in a foreclosure
December 24th, 2009 Admin The first thing to consider is the equity in the home. Equity is the value of the home without the mortgage. For example, if you find a home that is selling as a foreclosure and that home is valued at $250,000, but is only selling for $200,000, that is an immediate $50,000 in equity! Equity [...]