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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
This time period is approximately 30 days long. Rescission of a Notice of Default When signed by the homeowners association or agent and recorded by the trustee, this document removes the effect of the previously recorded Notice of Default. Substitution of Trustee A written document by which one trustee is appointed in place of another. Trustee The person or party to whom property is conveyed in trust for the benefit of others. Trustee’s Deed Upon Sale A document signed by the Trustee that transfers ownership of the foreclosed property to the successful bidder at a Trustee’s
www.realtytrac.com
- Tuesday, February 3, 2009
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FDIC Selling Off Detroit Inventory
King Auction Company of Gadsden, Ala., The property mix will include single-family, duplex, triplex and commercial properties plus land. For real estate investors looking for a long-term buy and hold investment strategy, this auction may be a good potential source of bargain properties to consider. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
And for subscribers to RealtyTrac — albeit investors, real estate agents or potential homebuyers — Ohio is a land of opportunity right now. At the local level Cuyahoga County went from the county with the highest foreclosure rate in the state — one foreclosure filing for every 453 households in May — down to the seventh highest foreclosure rate in the state — one foreclosure filing for every 508 households — for June. Layoffs by large It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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National Registration For Loan Officers Becomes Reality
But that’s about to change because registering mortgage loan officers is now the law of the land. The System will better identify bad actors and mitigate their migration from one state or company to another.” An Audit Trail One of the major questions concerning the new system relates to those unique identifiers. For instance, it may well be that lender Johnson has a 15-percent foreclosure rate. National Registration For Loan Officers Becomes Reality By Peter G. Miller What do you know about your loan officer?
www.realtytrac.com
- Tuesday, February 3, 2009