Foreclosure involves a lawsuit in which a bank, a mortgage company, or other lien holder seeks to take an owner's property to satisfy a debt. The bank or lender may actually take ownership of the property or have the property sold to pay off the debt. As a result of the foreclosure, the owner loses whatever rights he or she had in the property.
Examples: If a homeowner fails to pay his or her mortgage loan on time, the lender that holds the mortgage on the house can bring a foreclosure action against the … (0 comments)
Is oversight necessary? Absolutely! But in my opinion, laws that are made to protect "the public" usually swing so far to the other side that everyone is negatively affected, even those that are supposed to be protected.
However, a new bill just passed by the Texas Senate, SB 472 regarding Foreclosures may be a win-win situation for everyone. If the Bill becomes Law, it will go into effect for all foreclosures after September 1, 2009.
The following is non-legal summary of … (2 comments)
Trademark Realty Investments, Inc.Trademark Loss Mitigation
If you've heard the name Trademark Realty Investments, Inc or Trademark Loss Mitigation, you may wonder what we do and who we serve. Who Are We? We are " A Network of Real Estate Professionals; RE Agents, Attorneys, Title Companies, Short Sale and Loan Modification Negotiators, Credit Repair Providers, Mortgage Providers, Inspectors and Investors ." We are Houston Texas based. We know the local market. We are accessible. We know the local and state laws. We provide a one-stop destination for all things related to short sales, loan modifications pre-foreclosures and marketing … (0 comments)
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