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 Property’
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 »Florida’s Anti-investor Legislation, Stature 501.1377 and the Foreclosure-rescue Consultant
September 10th, 2009 Admin On May 28, 2008, Governor Crist of Florida signed into law Statute 501.1377 (HB 643/SB 992) or so called Anti-Fraud Legislation. The real estate investing community has labeled the new legislation as anti-investor, despite the statute formally being called “Foreclosure-rescue Transactions”. The legislation targets certain types of foreclosure-related transactions including any action or method that [...]