WHAT YOU NEED TO KNOW ABOUT FORECLOSURE

Foreclosure procedures differ within states. In the western states, you have Notes supported by Deeds of Trust. While in the eastern states you have Mortgages. What’s the difference? In a trust deed, when you sign your closing documents at purchase you sign the right for a trustee, who holds the note and deed of trust for the lender, to foreclose on a property at will once it reaches foreclosure status. There is no court order needed since you…

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Rob Basichis

Rob Basichis

I have written for several years, starting out as a journalist for a small business construction newspaper. I went on to write extensively about rela estate.