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  2. What is a notice of default? - AOL

    www.aol.com/finance/notice-default-200058388.html

    A notice of default is a public notice filed with a court or local recording office to begin the process of foreclosure. A mortgage lender or servicer can file this notice after four months (120 ...

  3. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    7. Refinance with a hard money loan. You won’t like the high rates and fees of a hard money loan — one from a private lender, often an individual — but it might buy you some time to sell ...

  4. Estoppel certificate - Wikipedia

    en.wikipedia.org/wiki/Estoppel_certificate

    Estoppel certificate. An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and ...

  5. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    Deed in lieu of foreclosure. A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower ...

  6. What is a foreclosure? How it works and how to avoid it - AOL

    www.aol.com/finance/foreclosure-works-avoid...

    How long does foreclosure take? Properties foreclosed in Q4 of 2023 averaged 720 days in the process, according to ATTOM’s Year-End 2023 U.S. Foreclosure Market Report. The report also ...

  7. Trustee Sales Guarantee - Wikipedia

    en.wikipedia.org/wiki/Trustee_Sales_Guarantee

    Trustee Sales Guarantee. In the United States, the Trustee Sale Guarantee (TSG) is the title guarantee that is issued at the beginning of a foreclosure. TSG helps the foreclosing trustee and beneficiary through the delivery of the information required in ensuring compliance with the statutes of foreclosure stipulated by the state.

  8. Broker's price opinion - Wikipedia

    en.wikipedia.org/wiki/Broker's_price_opinion

    A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA ( Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.

  9. What is the right of redemption? How it works during foreclosure

    www.aol.com/finance/redemption-works-during...

    For example, in Alabama, borrowers have the right for up to one year after foreclosure, while Illinois gives borrowers just 30 days after the sale. Limitations of right of redemption

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