Foreclosure Sale Info

It’s important to know your options and understand all the potential solutions that may be available to help you avoid foreclosure. Strict foreclosure refers to the procedure pursuant to which the court ascertains the amount due under the mortgage; orders its payment within a certain limited time; and prescribes that in default of such payment a debtor will permanently lose his or her equity of redemption, the right to recover the property upon payment of the debt, interest, and costs.

If you can answer yes” to each of these questions, buying a foreclosure could be a good choice for you. The median deed price was $302,900 and the median mortgage price was $271,355, meaning that 90% of the purchase price was borrowed. Foreclosure properties attract a lot of interest because of the incredible value they can provide. Some states may also provide you with the right to mediation prior to …