Real estate blog entries tagged with shortsale by Earl "The Pearl" Sorrells-Palmdale, Rosamond, Lancaster (Coldwell Banker Hartwig)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Earl "The Pearl" Sorrells-Palmdale, Rosamond, Lancaster : Earl's Blog : Tag "shortsale"

shortsale: How does foreclosure work? - 05/27/07 01:06 AM

Foreclosure takes away ownership rights an owner has over a property and gives it to the lender in order to sell the property for the purpose of paying a debt. In order for this to happen, the following must be true:
1.     The property must be collateral for the debt, to be sold.
2.     The debt must be defaulted on. Payments are not up to date.
3.     Creditor must fulfill all the legal requirements of the state the property is in.
The lender does not own the home. Real Estate is owned by the borrower. The property is merely collateral.   Foreclosure is not repossession. If … (25 comments)

Related Links:

Earl "The Pearl" Sorrells-Palmdale, Rosamond, Lancaster

Palmdale, CA

More about me…

Coldwell Banker Hartwig

Address: 43912 20 St W, Lancaster, Ca, 93534

Office Phone: (661) 948-8424 x 147

Cell Phone: (661) 400-9485

Email Me

For a Realtor who has your best interest at heart and who work hard to meet your wants and needs, Earl " The Pearl" Sorrells is your Realtor. Let Earl "The Pearl" help you find your jewel.

Links

Archives

Find CA real estate agents and Palmdale real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.