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Chattel mortgage Definition
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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 ( ...
When an owner is faced with eviction, they have to learn many words that are difficult to understand. A big reason is that the series of lock Real thank you its own language through legislation and law. In the absence of background in this area, real estate investors are unable to obtain contracts for eviction easier. If you want to be a real estate investor, it is necessary to learn the eviction related terms. 14 Foreclosure-Related Words and their definitions explaining the Foreclosure Process Abandon – A landlord (owner) who decided to give up rights to property without any ... Read More