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Special Report on

Strict foreclosure Definition

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What happens if your title company or your foreclosure lawyer missed a junior lien in the lawsuit to enforce your mortgage?  Past practice has been to file a strict foreclosure case to extinguish the overlooked interests from title, as mentioned in my March 3, 2008 post .  The validity of that remedy is now in doubt because, on March 25, 2009, in Deutsche Bank National Trust Co. v. Mark Dill Plumbing Co. , 2009 Ind. App. LEXIS 524 ( ), the Indiana Court of Appeals issued a decision that appears to stand for the proposition that a senior lender/mortgagee, which acquired property at a sheriff’s sale, takes the real ...
can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments. The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property ( ...
All About Charging Orders – A Comprehensive Review of How LLCs and ...
There are relatively few types of assets that are statutorily protected from claims of creditors. Membership interests in limited liability companies (“LLCs”) and partnership interests are afforded a significant level of protection through the charging order mechanism. The Importance of History Before the advent of the charging order, a creditor pursuing a partner in a partnership was able to obtain from the court a writ of execution directly against the partnership’s assets, which led to the seizure of such assets by the sheriff. This result was possible because the partnership itself was not treated as a juridical ... market research, surveys and trends
Foreclosure Consulting – State Outline the difference between a ...
Many homeowners in foreclosure may decide to sell their homes to an investor. Unfortunately, investors have not always been above board in dealing with homeowners, and found several owners who hold empty promises and debts written off during the investor to walk away from the property. With all the recent foreclosure activity nationwide, some states have laws home because of an uninformed decision to protect their adopted country.Over the past two years, more than a dozen states have strict laws to maintain the supply to customers, and have notified the foreclosure consultant's role and help the owner to make an informed ... market research, surveys and trends


World Prout Assembly: Home Foreclosure Rate Soars in 2007
The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year. About 1.3 million homes received foreclosure-related warnings last year, up from 717,522 in 2006, Irvine-based RealtyTrac Inc. said. Foreclosure filings rose 75 percent from the previous year to 2.2 million. More than 1 percent of all U.S. households were in some phase of the foreclosure process last year, up from about half a ... industry trends, business articles and survey research
Pinkerton: MSNBC Backs Obama, Gets $139 Billion Gov Guarantee ...
Is MSNBC being rewarded for having backed Obama?  That's what Jim Pinkerton suggests.  On this evening's Fox News Watch, the columnist and New America Foundation fellow cited the news that GE Capital, a subsidiary of MSNBC's parent company GE, has received a $139 billion government loan guarantee. Host Jon Scott opened this evening's show opened with a clip of Chris Matthews [in a story that NB was first to report ], saying that he saw as his "job" making the Obama presidency a success.  Pinkerton unloaded. JIM PINKERTON: Well, Matthews is entitled to his opinion, although if he wants to run for the Senate in ... industry trends, business articles and survey research
The defendant, Emalie Diamond, appeals from the judgment of strict foreclosure rendered in favor of the plaintiff, Dreambuilders Construction, Inc. [ 1 ] On appeal, the defendant claims that the trial court's (1) order of a strict foreclosure instead of a foreclosure by sale was improper, (2) finding that there was a contract between her and the plaintiff was clearly erroneous, (3) finding of the value of the services and material furnished to support the mechanic's lien was clearly erroneous, (4) finding that she could not avail herself of the protection of the Home Improvement Act (act); General Statutes § ... market trends, news research and surveys resources
Our Voice: Pubic loans to small businesses can be risky, but they're worth it
But they are necessary gambles that few private lenders are willing to make in one of the most economically depressed areas of the nation. The Flint Area Enterprise Community Inc. extends loans to businesses in a federally defined area that runs from downtown Flint north into Mt. Morris Township. The Flint Economic Development Corp. makes loans to all businesses that qualify in Flint. They make low-interest loans where few bankers are willing to go with their money, at least not without steep interest rates. The track record of those loans with state and federal money should be expected in a struggling area such as ours: Of 31 ... market trends, news research and surveys resources


Foreclosure (Mortgage) in Connecticut
Connecticut. DEFINITION: • "Connecticut provides for the foreclosure of a mortgage of real property by either public sale or by strict foreclosure. ... technology research, surveys study and trend statistics
Foreclosure of Security Interests in Personal Property
Lenders typically require borrowers to pledge property (or collateral) to secure the loan. Collateral is real or personal property owned by the borrower that is pledged to the lender as security for the repayment of the debt obligation. For further discussion, see Financing the Farm Operation; Contracts, Notes and Guaranties; Mortgages and Contracts for Deed; and Security Interest in Personal Property. In the event of default, the lender may look to the collateral to satisfy the debt. The process to foreclose a mortgage in real property and foreclose a security interest in personal property are very different. In this fact ... technology research, surveys study and trend statistics
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Foreclosure: Pre foreclosure, aurora loan services, workout plan
Can answer all questions on all areas of the foreclosure process both judicial and non-judicial. Also on loss mitigation and foreclosure prevention including loan modification, short sales and deed in lieu of foreclosure. Also can assist with questions on purchasing property in foreclosure and already bank owned (REO, Real Estate Owned). Both as an investor and/or a homeowner. Experience I have 18 years of working with the foreclosure industry as a Foreclosure Specialist. Currently work with over 20 major lenders as well as a dozen asset management companies. Head up the Bank Owned Property Division of the Schatz Real ...
What would you recommend as best practices for organizations ...
As part of my doctoral research into the use of online social networking, I am looking to come up with a set of recommended best practices that organizations should consider when they are trying to make use of social media. So far, there is a range of opinions on things like whether it is best to have a concrete strategy in place before starting, or just wade in and experiment. Also, there seems to be a general lack of policy frameworks in place to govern inter-firm communication through social networks, sharing of confidential information, use of personal social networking tools during work hours, etc. etc. So what would be on ...