Understand the Foreclosure Process
by Lloyd. Planning an investment in real estate in Maryland? Do you know what the term foreclosure in real estate means? A foreclosure is a process by which a mortgaged property may be sold when a mortgage is in default. This means that if the borrower has lo...
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Forclosure Sales: Boom or Bust?
by Scott Baxter. Now that banks are having to repossess homes from delinquent mortgagors, some buyers are asking, "should I buy a bank owned property"? Even with years of real estate experience and knowledge, the best answer here is still: "It depends." Shopping aro...
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Using a "deed in Lieu Of" to Stop a Foreclosure
by Dave Dinkel. Recently lenders have been taking deeds in lieu of foreclosure from homeowners to resolve foreclosures. The lender simply accepts a deed in exchange for forgiving the homeowner of his mortgage or deed of trust loan.Let's look more closely and see th...