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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
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 and the lender.
83001277. Added to NRHP. 1983. The Bank Street Historic District is a group of four attached brick commercial buildings in different architectural styles on that street in Waterbury, Connecticut, United States. They were built over a 20-year period around the end of the 19th century, when Waterbury was a prosperous, growing industrial center.
Important meeting place during the American Revolutionary War. Elisha Bushnell House. Old Saybrook. 1678. The Colonial property includes two contributing buildings, the second being termed the "Slave House". Joshua Hempsted House. New London. 1678. One of the earliest documented houses in Connecticut, now a museum.
Bank walkaway. A bank walkaway is a decision by a mortgage lender (a bank) to not foreclose on a defaulted mortgage (when the borrower has ceased to make the payments), or to not complete foreclosure proceedings (to "walk away" from the mortgage). These are sometimes referred to as abandoned foreclosures or stalled foreclosures, though this ...
Fox News 27 days ago Colorado home built into 200 million-year-old red rocks hits market, brings 'the outdoors in' A uniquely placed home in Colorado has hit the real estate market for a hefty price.
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