2 Articles match "Foreclose","Laws","Rescission"

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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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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." That transaction should include…A) Cash wiring instructions to the foreclosing bank (often by Western Union) B) A three-day right of recession, and a share purchase agreement, C) verifiable information of the person purchasing the property, including personal and financial
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
    The scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." That transaction should include…A) Cash wiring instructions to the foreclosing bank (often by Western Union) B) A three-day right of recession, and a share purchase agreement, C) verifiable information of the person purchasing the property, including personal and financial
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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
    READ MORE